ALIGN Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 187 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 187 To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES January 22, 2025 Mr. Lankford (for himself, Mr. Daines, Mr. Barrasso, Mrs. Blackburn, Mr. Young, Mr. Grassley, Mr. Marshall, Mrs. Capito, Mr. Risch, and Mr. Boozman) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ 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. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Accelerate Long-term Investment Growth Now Act'' or the ``ALIGN Act''. SEC. 2. PERMANENT FULL EXPENSING FOR QUALIFIED PROPERTY. (a) In General.--Paragr…