S 1117 · 118th Congress

ALIGN Act

The ALIGN Act makes permanent a tax break for businesses that buy new equipment. Normally, when a business purchases something expensive like machinery or computers, they have to spread out the tax deduction over several years. This bill allows businesses to deduct the entire cost of certain new equipment in the sam…

Sponsor

Lankford, James (R-OK)

Introduced

2023-03-30

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.