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ALIGN Act

USA117th CongressS-1166| Senate 
| Updated: 4/15/2021
Patrick Toomey

Patrick Toomey

Republican Senator

Pennsylvania

Cosponsors (16)
Mike Braun (Republican)Thomas Tillis (Republican)James E. Risch (Republican)Todd Young (Republican)John Boozman (Republican)Roy Blunt (Republican)John Thune (Republican)Ted Cruz (Republican)Tim Scott (Republican)Kevin Cramer (Republican)James Lankford (Republican)John Kennedy (Republican)John Barrasso (Republican)Marco Rubio (Republican)Rob Portman (Republican)Steve Daines (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

Bill from Previous Congress

S 116-3296
ALIGN Act
Apr 15, 2021

Latest Companion Bill Action

HR 117-2558
Introduced in House
Apr 15, 2021
Introduced in Senate
Apr 15, 2021
Read twice and referred to the Committee on Finance.

  • Bill from Previous Congress

    S 116-3296
    ALIGN Act
  • April 15, 2021

    Latest Companion Bill Action

    HR 117-2558
    Introduced in House
  • April 15, 2021
    Introduced in Senate
  • April 15, 2021
    Read twice and referred to the Committee on Finance.

Taxation

Related Bills

  • HR 117-4792: Countering Communist China Act
  • S 117-197: CREATE JOBS Act
  • HR 117-5649: Bring Entrepreneurial Advancements To Consumers Here In North America Act
  • HR 117-2558: ALIGN Act
Business expensesBusiness investment and capitalIncome tax deductions

ALIGN Act

USA117th CongressS-1166| Senate 
| Updated: 4/15/2021
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 Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-3296
ALIGN Act
Apr 15, 2021

Latest Companion Bill Action

HR 117-2558
Introduced in House
Apr 15, 2021
Introduced in Senate
Apr 15, 2021
Read twice and referred to the Committee on Finance.

  • Bill from Previous Congress

    S 116-3296
    ALIGN Act
  • April 15, 2021

    Latest Companion Bill Action

    HR 117-2558
    Introduced in House
  • April 15, 2021
    Introduced in Senate
  • April 15, 2021
    Read twice and referred to the Committee on Finance.
Patrick Toomey

Patrick Toomey

Republican Senator

Pennsylvania

Cosponsors (16)
Mike Braun (Republican)Thomas Tillis (Republican)James E. Risch (Republican)Todd Young (Republican)John Boozman (Republican)Roy Blunt (Republican)John Thune (Republican)Ted Cruz (Republican)Tim Scott (Republican)Kevin Cramer (Republican)James Lankford (Republican)John Kennedy (Republican)John Barrasso (Republican)Marco Rubio (Republican)Rob Portman (Republican)Steve Daines (Republican)

Finance Committee

Taxation

Related Bills

  • HR 117-4792: Countering Communist China Act
  • S 117-197: CREATE JOBS Act
  • HR 117-5649: Bring Entrepreneurial Advancements To Consumers Here In North America Act
  • HR 117-2558: ALIGN Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Business expensesBusiness investment and capitalIncome tax deductions