118th Congress · SENATE BILLBILL

S. 1117 — ALIGN Act

“A bill to amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made.”

Taxation

Introduced Mar 30, 2023

Last action Mar 30, 2023

Pipeline · Bill → Law

Step 1

Introduced

Mar 30, 2023

Step 2

Referred

Mar 30, 2023

Finance

Step 3

Committee

Step 4

Senate

Step 5

House floor

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Mar 30, 2023

Introduced in Senate

Mar 30, 2023

Read twice and referred to the Committee on Finance.