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Permanent 100% Tax Deduction for Business Investments (ALIGN Act)

This law aims to permanently establish the rule allowing businesses to immediately deduct 100% of the cost of purchasing new equipment, machinery, and other qualified investments from their taxes. This change is designed to encourage companies to invest and modernize faster, potentially leading to job creation and economic growth. Citizens may benefit through a more stable economy and increased availability of modern services.
Key points
Businesses gain the right to immediately deduct 100% of the cost of qualified investments (full expensing), instead of spreading the deduction over several years.
This change is made permanent, providing businesses with greater certainty for long-term capital investment planning.
The goal is to stimulate economic growth and business modernization, indirectly affecting the job market and financial stability.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_S_1117
Sponsor: Sen. Lankford, James [R-OK]
Process start date: 2023-03-30
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

ALIGN Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_S_1117.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2023-03-30.

What are the main provisions?

Key points include:

  • Businesses gain the right to immediately deduct 100% of the cost of qualified investments (full expensing), instead of spreading the deduction over several years.
  • This change is made permanent, providing businesses with greater certainty for long-term capital investment planning.
  • The goal is to stimulate economic growth and business modernization, indirectly affecting the job market and financial stability.
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. Lankford, James [R-OK].

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 2025-12-26.

CATEGORIES

Taxes Economy Public Investments