S-1117 : Still Just a Bill

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.

Action Timeline

Action DateTypeTextSource
2023-03-30IntroReferralRead twice and referred to the Committee on Finance.Senate
2023-03-30IntroReferralIntroduced in SenateLibrary of Congress