S 1232
118th Congress
Senate
Taxation
AIM Act
Introduced: April 20, 2023
Introduced by:
Capito, Shelley Moore
Republican
· West Virginia
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 20, 2023
Read twice and referred to the Committee on Finance.
Apr 20, 2023
Introduced in Senate
Plain-English summary
American Investment in Manufacturing Act or the AIM 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