US SB1117 | 2023-2024 | 118th Congress
Status
Spectrum: Partisan Bill (Republican 13-0)
Status: Introduced on March 30 2023 - 25% progression, died in committee
Action: 2023-03-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 30 2023 - 25% progression, died in committee
Action: 2023-03-30 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
A bill to amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made.
Title
ALIGN Act Accelerate Long-term Investment Growth Now Act
Sponsors
| Sen. James Lankford [R-OK] | Sen. James Risch [R-ID] | Sen. Marco Rubio [R-FL] | Sen. John Barrasso [R-WY] |
| Sen. Mike Braun [R-IN] | Sen. Marsha Blackburn [R-TN] | Sen. Todd Young [R-IN] | Sen. Steve Daines [R-MT] |
| Sen. John Boozman [R-AR] | Sen. John Thune [R-SD] | Sen. Tim Scott [R-SC] | Sen. Shelley Capito [R-WV] |
| Sen. Mike Lee [R-UT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-03-30 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB947 (Related) 2023-02-09 - Referred to the House Committee on Ways and Means.
SB314 (Related) 2023-02-09 - Read twice and referred to the Committee on Finance.
HB2406 (Same As) 2023-03-30 - Referred to the House Committee on Ways and Means.
HB7476 (Related) 2024-12-17 - Referred to the Subcommittee on Trade.
SB314 (Related) 2023-02-09 - Read twice and referred to the Committee on Finance.
HB2406 (Same As) 2023-03-30 - Referred to the House Committee on Ways and Means.
HB7476 (Related) 2024-12-17 - Referred to the Subcommittee on Trade.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/118th-congress/senate-bill/1117/all-info |
| Text | https://www.congress.gov/118/bills/s1117/BILLS-118s1117is.pdf |
