ALIGN Act

Summary

Official

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.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(2/13/20)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Toomey

(R) PA

Cosponsors (19)

Perdue

(R) GA

Rubio

(R) FL

Scott

Senate (R) South Carolina

Thune

Senate (R) South Dakota

Portman

(R) OH

Moran

Senate (R) Kansas

McSally

(R) AZ

Inhofe

(R) OK

Cruz

Senate (R) Texas

Kennedy

Senate (R) Louisiana

Topics

Business & Finance

Latest Action

Read twice and referred to the Committee on Finance.

Feb 13, 2020