118th Congress · SENATE BILLBILL

S. 1232 — AIM Act

“A bill to amend the Internal Revenue Code of 1986 to permanently extend the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the deduction for business interest.”

Taxation

Introduced Apr 20, 2023

Last action Apr 20, 2023

Pipeline · Bill → Law

Step 1

Introduced

Apr 20, 2023

Step 2

Referred

Apr 20, 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 allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the tax deduction for business interest.

Provisions · 2 sectionsIntroduced in Senate

Timeline · 2 actions

Apr 20, 2023

Introduced in Senate

Apr 20, 2023

Read twice and referred to the Committee on Finance.