ALIGN Act
USA116th CongressS-3296| Senate
| Updated: 2/13/2020
Patrick Toomey
Republican Senator
Pennsylvania
Cosponsors (19)
Mike Braun (Republican)Thomas Tillis (Republican)David Perdue (Republican)Jerry Moran (Republican)James E. Risch (Republican)Todd Young (Republican)James M. Inhofe (Republican)Martha McSally (Republican)Kelly Loeffler (Republican)John Thune (Republican)Ted Cruz (Republican)Tim Scott (Republican)Kevin Cramer (Republican)James Lankford (Republican)John Kennedy (Republican)Marco Rubio (Republican)Cory Gardner (Republican)Rob Portman (Republican)Shelley Moore Capito (Republican)
Finance Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Accelerate Long-term Investment Growth Now Act or the ALIGN Act This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.
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Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Taxation
Business expensesBusiness investment and capitalIncome tax deductions
ALIGN Act
USA116th CongressS-3296| Senate
| Updated: 2/13/2020
Accelerate Long-term Investment Growth Now Act or the ALIGN Act This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in Senate
Read twice and referred to the Committee on Finance.
Patrick Toomey
Republican Senator
Pennsylvania
Cosponsors (19)
Mike Braun (Republican)Thomas Tillis (Republican)David Perdue (Republican)Jerry Moran (Republican)James E. Risch (Republican)Todd Young (Republican)James M. Inhofe (Republican)Martha McSally (Republican)Kelly Loeffler (Republican)John Thune (Republican)Ted Cruz (Republican)Tim Scott (Republican)Kevin Cramer (Republican)James Lankford (Republican)John Kennedy (Republican)Marco Rubio (Republican)Cory Gardner (Republican)Rob Portman (Republican)Shelley Moore Capito (Republican)
Finance Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business expensesBusiness investment and capitalIncome tax deductions