S. 1117 118th Congress Senate

ALIGN Act

Official title: A bill to amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made.

Introduced: March 30, 2023 Introduced by: James Lankford Republican · Oklahoma See on congress.gov

Taxation

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 30, 2023

Read twice and referred to the Committee on Finance.

Mar 30, 2023

Introduced in Senate

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Latest action March 30, 2023

Read twice and referred to the Committee on Finance.

Plain-English summary Congressional Research Service

Accelerate Long-term Investment Growth Now Act or the ALIGN Act

This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.

Related & companion bills 4

Bill text 1 version

Introduced in Senate Formatted Text PDF Formatted XML

Source documents hosted by congress.gov.

Committees of jurisdiction 1

Finance Committee
Senate

Lobbying activity 2

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

NATIONAL TAXPAYERS UNION
for NATIONAL TAXPAYERS UNION · District of Columbia · 2nd Quarter 2025 (Apr 1 - June 30)
NATIONAL TAXPAYERS UNION
for NATIONAL TAXPAYERS UNION · District of Columbia · 1st Quarter 2025 (Jan 1 - Mar 31)

Bodies those filers lobbied

Centers For Medicare and Medicaid Services (CMS)
2 filings
Consumer Financial Protection Bureau (CFPB)
2 filings
Defense, Dept of (DOD)
2 filings
Environmental Protection Agency (EPA)
2 filings
Federal Communications Commission (FCC)
2 filings
Federal Deposit Insurance Corporation (FDIC)
2 filings
Federal Housing Finance Agency (FHFA)
2 filings
Federal Reserve System
2 filings

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

Cosponsors 10