Bill · H.R. 574· House(119-HR-574)

ALIGN Act

Age: 54 years

Texas

Introduced: 1/21/2025
Last activity: 1/21/2025 — Referred to the House Committee on Ways and Means.
Sponsored by: Jodey Arrington
Cosponsors: - 33 - 0

Taxation

Introduced
In Committee

What this bill would do

This bill, known as the "Accelerate Long-term Investment Growth Now Act" or the "ALIGN Act," aims to amend the Internal Revenue Code of 1986. The primary purpose is to permanently allow a tax deduction at the time an investment in qualified property is made. It specifically updates the definition of "applicable percentage" to 100 percent for property placed in service after September 27, 2017. The legislation also includes various conforming amendments to existing tax code sections.

Yes· 3 of 7

Would business owners be better off under this?+6
The bill directly benefits business owners by allowing them to deduct 100 percent of the cost of qualified property investments immediately.
Is this likely to grow the economy?+5
The bill promotes economic growth by encouraging businesses to invest in qualified property through immediate tax deductions.
Would farmers be better off under this?+5
The bill specifically addresses property that is planted or grafted, which provides direct tax benefits for agricultural investments.