HOUSE 2558117th CongressReferred to the House Committee on Ways and Means.
ALIGN Act
- Last Action
- 4/15/2021
Actions
- 2021-04-15Referred to the House Committee on Ways and Means.
- 2021-04-15Introduced in House
- 2021-04-15Introduced in House
CRS Summary
As of 2021-04-15 (00)
Accelerate Long-term Investment Growth Now Act or the ALIGN Act
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.
Cosponsors (20)
- Devin Nunes (R-CA)
- Vern Buchanan (R-FL)
- Adrian Smith (R-NE)
- Tom Reed (R-NY)
- Mike Kelly (R-PA)
- Jason Smith (R-MO)
- Tom Rice (R-SC)
- David Schweikert (R-AZ)
- Jackie Walorski (R-IN)
- Darin LaHood (R-IL)
- Brad Wenstrup (R-OH)
- A. Ferguson (R-GA)
- Ron Estes (R-KS)
- Lloyd Smucker (R-PA)
- Kevin Hern (R-OK)
- Carol Miller (R-WV)
- Jim Banks (R-IN)
- Dan Crenshaw (R-TX)
- Michelle Steel (R-CA)
- Trent Kelly (R-MS)
Subjects
- Business expenses
- Business investment and capital
- Income tax deductions
Sourced from Congress.gov (public domain).
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