The AIMM Act would permanently extend a tax provision that allows businesses to deduct depreciation, amortization, and depletion when calculating limits on their business interest deductions. Currently, this allowance is set to expire, but the bill would make it permanent, benefiting manufacturing companies and other businesses that have significant capital investments in equipment and infrastructure. The provision applies to taxable years after December 31, 2021, and would primarily affect corporations and business owners who use debt financing. The legislation has no associated funding amounts since it operates through the tax code rather than direct spending. The bill was introduced in February 2025 and referred to the Senate Finance Committee.
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