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H.R. 2558

Referred to Committee

ALIGN Act

Introduced 4/15/2021•117th Congress•House

Latest Action

Referred to the House Committee on Ways and Means.

4/15/2021 • House

Summary

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.

Introduced in House • 4/15/2021

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Topics & Subjects

Policy Area: Taxation
Business expensesBusiness investment and capitalIncome tax deductions

Congressional Votes (0)

No recorded votes yet

Roll call votes will appear here as the bill moves through Congress

Related Federal Spending

Sponsor & Cosponsors (123)

Party Breakdown

0
Democrats
123
Republicans
0
Independents

Sponsor

R[
Rep. Arrington, Jodey C. [R-TX-19]

Republican • TX-19

Sponsored 4/15/2021

Cosponsors (122)

R[
Rep. Nunes, Devin [R-CA-22]

R-CA-22

Joined 4/15/2021

R[
Rep. Buchanan, Vern [R-FL-16]

R-FL-16

Joined 4/15/2021

R[
Rep. Smith, Adrian [R-NE-3]

R-NE-3

Joined 4/15/2021

R[
Rep. Reed, Tom [R-NY-23]

R-NY-23

Joined 4/15/2021

R[
Rep. Kelly, Mike [R-PA-16]

R-PA-16

Joined 4/15/2021

R[
Rep. Smith, Jason [R-MO-8]

R-MO-8

Joined 4/15/2021

Bill Journey

Originated in the House

Introduced

April 15, 2021

Referred to the House Committee on Ways and Means.

Committee Review

Floor Debate

Passed Chamber

Other Chamber

President

Enacted into Law

Text Versions (1)

Introduced in House4/15/2021

Details

Bill TypeHR
Current StatusReferred to Committee
Cosponsors122