arrow_back Back to App

Permanent Tax Relief for Manufacturing Businesses

This act introduces permanent changes to tax rules that can help manufacturing companies reduce their tax liabilities. As a result, these businesses may have more funds for investment and development, which can indirectly lead to job creation and economic stability.
Key points
The act permanently extends the ability to deduct costs related to depreciation of machinery and equipment, reducing corporate income tax.
These changes apply to manufacturing companies and aim to support their operations by easing financial burdens.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_S_1077
Sponsor: Sen. Blunt, Roy [R-MO]
Process start date: 2021-04-12
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Permanently Preserving America’s Investment in Manufacturing Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_1077.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-04-12.

What are the main provisions?

Key points include:

  • The act permanently extends the ability to deduct costs related to depreciation of machinery and equipment, reducing corporate income tax.
  • These changes apply to manufacturing companies and aim to support their operations by easing financial burdens.
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 Sen. Blunt, Roy [R-MO].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Taxes Economy