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Permanent tax relief for businesses: supporting investment and manufacturing.

This act introduces permanent changes to tax rules that can help businesses deduct costs related to equipment and development investments. This means companies may have more funds for growth, potentially leading to new jobs and better product availability for citizens.
Key points
Businesses will be able to permanently deduct depreciation costs, lowering their income tax.
The change aims to encourage greater investment in manufacturing and development, potentially boosting economic growth.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_559
Sponsor: Sen. Capito, Shelley Moore [R-WV]
Process start date: 2025-02-13
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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

AIMM Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_559.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-13.

What are the main provisions?

Key points include:

  • Businesses will be able to permanently deduct depreciation costs, lowering their income tax.
  • The change aims to encourage greater investment in manufacturing and development, potentially boosting economic growth.
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 Sen. Capito, Shelley Moore [R-WV].

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 2025-12-23.

CATEGORIES

Taxes Economy