S 559 · 119th Congress

AIMM Act

This bill makes a permanent tax break for businesses that invest in equipment and property. Right now, there's a rule that limits how much interest businesses can deduct from their taxes. When calculating this limit, businesses are allowed to add back depreciation (the gradual loss of value of equipment over time),…

Sponsor

Capito, Shelley Moore (R-West Virginia)

Introduced

2025-02-13

Policy area

Taxation

Latest action

Read twice and referred to the Committee on Finance.