AIMM Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 1347 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 1347 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. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 13, 2025 Mr. Smith of Nebraska (for himself, Mr. Morelle, Mr. Hern of Oklahoma, Mr. Schneider, Mr. Miller of Ohio, Mr. Feenstra, Mr. LaHood, Mr. Buchanan, Mr. Smucker, Mr. Moran, Mr. Kustoff, Mr. Carey, Ms. Strickland, Mr. Yakym, Mr. Panetta, Mr. Quigley, and Ms. Tenney) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ 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. Be it enacted by the Senate and House of Representativ…