Us Congress 2025-2026 Regular Session

Us Congress House Bill HB574 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
1	1	I
2	2	119THCONGRESS
3	3	1
4	4	STSESSION H. R. 574
5	5	To amend the Internal Revenue Code of 1986 to permanently allow a tax
6	6	deduction at the time an investment in qualified property is made,
7	7	and for other purposes.
8	8	IN THE HOUSE OF REPRESENTATIVES
9	9	JANUARY21, 2025
10	10	Mr. A
11	11	RRINGTON(for himself, Mr. ESTES, Mr. LAHOOD, Ms. TENNEY, Mr.
12	12	H
13	13	ERNof Oklahoma, Mr. BUCHANAN, Ms. VANDUYNE, Mr. FEENSTRA,
14	14	Mrs. M
15	15	ILLERof West Virginia, Mr. MILLERof Ohio, Mr. FULCHER, Mr.
16	16	C
17	17	OLLINS, Ms. MACE, Mr. CAREY, and Mr. KUSTOFF) introduced the fol-
18	18	lowing bill; which was referred to the Committee on Ways and Means
19	19	A BILL
20	20	To amend the Internal Revenue Code of 1986 to permanently
21	21	allow a tax deduction at the time an investment in quali-
22	22	fied property is made, and for other purposes.
23	23	Be it enacted by the Senate and House of Representa-1
24	24	tives of the United States of America in Congress assembled, 2
25	25	SECTION 1. SHORT TITLE. 3
26	26	This Act may be cited as the ‘‘Accelerate Long-term 4
27	27	Investment Growth Now Act’’ or the ‘‘ALIGN Act’’. 5
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30	30	•HR 574 IH
31	31	SEC. 2. PERMANENT FULL EXPENSING FOR QUALIFIED 1
32	32	PROPERTY. 2
33	33	(a) I
34	34	NGENERAL.—Paragraph (6) of section 168(k) 3
35	35	of the Internal Revenue Code of 1986 is amended to read 4
36	36	as follows: 5
37	37	‘‘(6) A
38	38	PPLICABLE PERCENTAGE .—For purposes 6
39	39	of this subsection, the term ‘applicable percentage’ 7
40	40	means, in the case of property placed in service (or, 8
41	41	in the case of a specified plant described in para-9
42	42	graph (5), a plant which is planted or grafted) after 10
43	43	September 27, 2017, 100 percent.’’. 11
44	44	(b) C
45	45	ONFORMINGAMENDMENTS.— 12
46	46	(1) Section 168(k) of the Internal Revenue 13
47	47	Code of 1986 is amended— 14
48	48	(A) in paragraph (2)— 15
49	49	(i) in subparagraph (A)— 16
50	50	(I) in clause (i)(V), by inserting 17
51	51	‘‘and’’ at the end; 18
52	52	(II) in clause (ii), by striking 19
53	53	‘‘clause (ii) of subparagraph (E), 20
54	54	and’’ and inserting ‘‘clause (i) of sub-21
55	55	paragraph (E).’’; and 22
56	56	(III) by striking clause (iii); 23
57	57	(ii) in subparagraph (B)— 24
58	58	(I) in clause (i)— 25
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61	61	•HR 574 IH
62	62	(aa) by striking subclauses 1
63	63	(II) and (III); and 2
64	64	(bb) by redesignating sub-3
65	65	clauses (IV) through (VI) as sub-4
66	66	clauses (II) through (IV), respec-5
67	67	tively; 6
68	68	(II) by striking clause (ii); and 7
69	69	(III) by redesignating clauses 8
70	70	(iii) and (iv) as clauses (ii) and (iii), 9
71	71	respectively; 10
72	72	(iii) in subparagraph (C)— 11
73	73	(I) in clause (i), by striking ‘‘and 12
74	74	subclauses (II) and (III) of subpara-13
75	75	graph (B)(i)’’; and 14
76	76	(II) in clause (ii), by striking 15
77	77	‘‘subparagraph (B)(iii)’’ and inserting 16
78	78	‘‘subparagraph (B)(ii)’’; and 17
79	79	(iv) in subparagraph (E)— 18
80	80	(I) by striking clause (i); and 19
81	81	(II) by redesignating clauses (ii) 20
82	82	and (iii) as clauses (i) and (ii), respec-21
83	83	tively; and 22
84	84	(B) in paragraph (5)(A), by striking 23
85	85	‘‘planted before January 1, 2027, or is grafted 24
86	86	before such date to a plant that has already 25
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89	89	•HR 574 IH
90	90	been planted,’’ and inserting ‘‘planted or graft-1
91	91	ed’’. 2
92	92	(2) Section 460(c)(6)(B) of such Code is 3
93	93	amended by striking ‘‘which’’ and all that follows 4
94	94	through the period and inserting ‘‘which has a recov-5
95	95	ery period of 7 years or less.’’. 6
96	96	(c) E
97	97	FFECTIVEDATE.—The amendments made by 7
98	98	this section shall take effect as if included in section 8
99	99	13201 of Public Law 115–97. 9
100	100	Æ
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