Bill117th CongressFiled Apr 15, 2021Taxation
S. 1166
ALIGN Act
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
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Became LawLaw
What it doesSummary introduced in senate (Apr 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.
What just happenedApr 15, 2021
Read twice and referred to the Committee on Finance.
Who’s behind it
Sen. Toomey, Patrick [R-PA](R-PA)Sponsor
16 cosponsors16 R
16cosponsors1committees2actions4related bills3subjects
- Introduced in SenateApr 15, 2021
- Apr 15, 2021IntroReferral
Read twice and referred to the Committee on Finance.
Finance Committee - Apr 15, 2021IntroReferral10000
Introduced in Senate