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S. 1117

BillFederalSenateIn Committee
To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made.
About This Bill
Committee
Latest Action · March 30, 2023
Read twice and referred to the Committee on Finance.
Congress
118th (2023–2025)
Introduced
March 30, 2023
Cosponsors (12)
0D 12R
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Summary

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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.

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