S 1117
118th Congress
Senate
Taxation
ALIGN Act
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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1