US SB3296 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 20-0)
Status: Introduced on February 13 2020 - 25% progression, died in committee
Action: 2020-02-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 13 2020 - 25% progression, died in committee
Action: 2020-02-13 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
ALIGN Act Accelerate Long-term Investment Growth Now Act
Sponsors
| Sen. Pat Toomey [R-PA] | Sen. David Perdue [R-GA] | Sen. Thom Tillis [R-NC] | Sen. Ted Cruz [R-TX] |
| Sen. Marco Rubio [R-FL] | Sen. James Risch [R-ID] | Sen. Kevin Cramer [R-ND] | Sen. Shelley Capito [R-WV] |
| Sen. James Inhofe [R-OK] | Sen. Cory Gardner [R-CO] | Sen. Rob Portman [R-OH] | Sen. Mike Braun [R-IN] |
| Sen. Tim Scott [R-SC] | Sen. Jerry Moran [R-KS] | Sen. James Lankford [R-OK] | Sen. John Thune [R-SD] |
| Sen. Kelly Loeffler [R-GA] | Sen. Martha McSally [R-AZ] | Sen. Todd Young [R-IN] | Sen. John Kennedy [R-LA] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-02-13 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB1869 (Related) 2019-03-26 - Referred to the House Committee on Ways and Means.
HB6802 (Related) 2020-05-12 - Referred to the House Committee on Ways and Means.
HB6802 (Related) 2020-05-12 - Referred to the House Committee on Ways and Means.
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/senate-bill/3296/all-info |
| Text | https://www.congress.gov/116/bills/s3296/BILLS-116s3296is.pdf |
