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Tax Relief for Businesses and Real Estate Investments

This act introduces permanent tax deductions for businesses, allowing immediate write-offs for investment costs. Additionally, it changes depreciation rules for real estate, potentially impacting rental costs and construction investments. The goal is to stimulate the economy and create new jobs.
Key points
Businesses can immediately deduct 100% of qualified investment costs, reducing their tax burden.
Rules for residential and nonresidential real property depreciation are adjusted for inflation, potentially affecting property owners.
The requirement to amortize research and experimental expenditures is eliminated, making it easier for companies to invest in innovation.
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Status: Expired
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Additional Information
Print number: 117_S_197
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2021-02-03
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

CREATE JOBS Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_197.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-02-03.

What are the main provisions?

Key points include:

  • Businesses can immediately deduct 100% of qualified investment costs, reducing their tax burden.
  • Rules for residential and nonresidential real property depreciation are adjusted for inflation, potentially affecting property owners.
  • The requirement to amortize research and experimental expenditures is eliminated, making it easier for companies to invest in innovation.
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. Cruz, Ted [R-TX].

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.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy Real Estate