S. 559 119th Congress Senate

AIMM Act

Official title: A bill to amend the Internal Revenue Code of 1986 to permanently extend the allowance for depreciation, amortization, or depletion for purposes of determining … Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to permanently extend the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the deduction for business interest.

Introduced: February 13, 2025 Introduced by: Shelley Moore Capito Republican · West Virginia 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

Feb 13, 2025

Read twice and referred to the Committee on Finance.

Feb 13, 2025

Introduced in Senate

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What's happening now February 13, 2025

Read twice and referred to the Committee on Finance.

Related & companion bills 1

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 111

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

CASE NEW HOLLAND INDUSTRIAL INC.
for CASE NEW HOLLAND INDUSTRIAL INC · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
STANLEY BLACK & DECKER
for STANLEY BLACK & DECKER · District of Columbia · 3rd Quarter 2026 (July 1 - Sep 30)
WILLIAMS AND JENSEN, PLLC
for STANLEY BLACK & DECKER INC · Connecticut · 3rd Quarter 2026 (July 1 - Sep 30)
TNC (US) HOLDINGS, INC.
for TNC (US) HOLDINGS INC · New York · 3rd Quarter 2026 (July 1 - Sep 30)
STANLEY BLACK & DECKER
for STANLEY BLACK & DECKER · District of Columbia · 2nd Quarter 2026 (Apr 1 - June 30)
TNC (US) HOLDINGS, INC.
for TNC (US) HOLDINGS INC · New York · 2nd Quarter 2026 (Apr 1 - June 30)

Bodies those filers lobbied

HOUSE OF REPRESENTATIVES
107 filings
SENATE
107 filings
Treasury, Dept of
42 filings
Commerce, Dept of (DOC)
33 filings
U.S. Trade Representative (USTR)
27 filings
Federal Communications Commission (FCC)
25 filings
Agriculture, Dept of (USDA)
22 filings
Natl Economic Council (NEC)
20 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.

See all 111 filings →

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APA

U.S. Congress. (2026). S. 559: AIMM Act. 119th Congress. Open America. https://openamerica.io/bill/119-S-559/

MLA

"S. 559: AIMM Act." 119th Congress, 2026, Open America, https://openamerica.io/bill/119-S-559/.

Bluebook (legal)

S. 559, 119th Cong. (2026), https://openamerica.io/bill/119-S-559/.

Markdown link

[S. 559: AIMM Act](https://openamerica.io/bill/119-S-559/)