HR 5371
117th Congress
House
Taxation
Business investment and capital
Income tax deductions
Interest, dividends, interest rates
Permanently Preserving America’s Investment in Manufacturing Act
Introduced: September 24, 2021
Introduced by:
Morelle, Joseph D.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 24, 2021
Referred to the House Committee on Ways and Means.
Sep 24, 2021
Introduced in House
Plain-English summary
Permanently Preserving America's Investment in Manufacturing Act
This bill makes permanent the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the tax deduction for business interest.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1