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Permanent Tax Deductions for Qualified Property Investments.

This act introduces a permanent 100% tax deduction for businesses and entrepreneurs investing in specific properties and equipment. This means that the full cost of such investments can be deducted from taxes in the year they are incurred, aiming to encourage greater investment and economic growth. This change could influence business decisions regarding expansion and modernization, potentially leading to job creation and economic development.
Key points
Businesses can deduct 100% of qualified investment costs from taxes in the year of purchase.
The change aims to encourage more investment in equipment and property, potentially boosting economic growth.
These provisions are retroactive to September 27, 2017, providing permanent tax benefits.
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Additional Information
Print number: 117_HR_2558
Sponsor: Rep. Arrington, Jodey C. [R-TX-19]
Process start date: 2021-04-15
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

ALIGN Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2558.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-15.

What are the main provisions?

Key points include:

  • Businesses can deduct 100% of qualified investment costs from taxes in the year of purchase.
  • The change aims to encourage more investment in equipment and property, potentially boosting economic growth.
  • These provisions are retroactive to September 27, 2017, providing permanent tax benefits.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Arrington, Jodey C. [R-TX-19].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Taxes Economy Public Investments