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Permanent Tax Deductions for Business Investments

This act introduces permanent changes to tax rules, allowing businesses to immediately deduct the full cost of certain investments. This means companies can reduce their taxes faster, potentially encouraging more investment and job creation. In practice, businesses will have more funds for growth, which could lead to better products and services for citizens.
Key points
Businesses can deduct 100% of qualified investment costs immediately, instead of over several years.
The change aims to encourage faster business investment, potentially boosting the economy.
These provisions apply to investments made after September 27, 2017.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_574
Sponsor: Rep. Arrington, Jodey C. [R-TX-19]
Process start date: 2025-01-21
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Summarized by: gemini-2.5-flash
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 119_HR_574.

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 2025-01-21.

What are the main provisions?

Key points include:

  • Businesses can deduct 100% of qualified investment costs immediately, instead of over several years.
  • The change aims to encourage faster business investment, potentially boosting the economy.
  • These provisions apply to investments made after September 27, 2017.
What is the specific legal status?

The current status is Introduced.

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 2025-12-23.

CATEGORIES

Taxes Economy Public Investments