S 1077
117th Congress
Senate
Taxation
Business investment and capital
Income tax deductions
Interest, dividends, interest rates
Permanently Preserving America’s Investment in Manufacturing Act
Introduced: April 12, 2021
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 12, 2021
Read twice and referred to the Committee on Finance.
Apr 12, 2021
Introduced in Senate
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1