House Bill 2406
118th Congress(2023-2024)
Accelerate Long-term Investment Growth Now Act
Introduced
Introduced in House on Mar 30, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2406
Congress
118
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
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.
March 30, 2023
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03/30/2023
Referred to the House Committee on Ways and Means.
03/30/2023
Introduced in House
Public Record
Record Updated
Jun 24, 2024 5:48:05 PM