CREATE JOBS Act

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2056 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2056 To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 12, 2025 Mr. Cruz 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, and for other purposes. 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 ``Cost Recovery and Expensing Acceleration to Transform the Economy and Jumpstart Opportunities for Businesses and Startups Act'' or the ``CREATE JOBS Act''. SEC. 2. PERMANENT FULL EXPENSING FOR QUALIFIED PROPERTY. (a) In General.--Paragraph (6) …