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HR 574
Introduced Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.

ALIGN Act

To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made, and for other purposes.

Introduced Jan 21, 2025

Latest action (Jan 21, 2025) Referred to the House Committee on Ways and Means.

Referred to
Ways and Means Committee
Policy area
Taxation

Summary

This bill makes permanent a tax provision known as "100 percent bonus depreciation" or full expensing for qualified business property. Under current tax law, businesses can deduct the full cost of qualifying property investments in the year the property is placed in service, but this provision is scheduled to phase down and eventually expire. The bill eliminates that sunset, allowing businesses to permanently deduct the full cost of qualifying property with a recovery period of seven years or less when purchased. The change also applies to agricultural property such as specified plants. The bill is retroactively effective to when the bonus depreciation provision was originally enacted.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
34 cosponsors

Money behind the sponsor

Top reported contributors to Jodey C. Arrington’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.

  • CHARTER BROKERAGE LLC $28,800
  • SIMFLO $19,800
  • GRAIL $18,200
  • NORTHSTAR ANESTHESIA $13,200
  • CITY BANK $13,200

Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Jodey C. Arrington → · Outside spending →

Actions (2)
  1. Jan 21, 2025 Referred to the House Committee on Ways and Means. · house
  2. Jan 21, 2025 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • S 187 — ALIGN Act · Introduced Jan 22, 2025 · Cong. 119 86%
  • HR 5336 — Equal Tax Act · Introduced Sep 11, 2025 · Cong. 119 81%
  • HR 3967 — CREATE JOBS Act · Introduced Jun 12, 2025 · Cong. 119 81%
  • HR 4739 — SHARE Plan Act · Introduced Jul 23, 2025 · Cong. 119 79%
  • HR 463 — Lower Your Taxes Act · Introduced Jan 15, 2025 · Cong. 119 79%
  • HR 3204 — BASIC ACT · Introduced May 5, 2025 · Cong. 119 78%

Text versions (1)
  • Introduced in House · Jan 21, 2025

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

January 21, 2025

Mr. Arrington (for himself, Mr. Estes, Mr. LaHood, Ms. Tenney, Mr. Hern of Oklahoma, Mr. Buchanan, Ms. Van Duyne, Mr. Feenstra, Mrs. Miller of West Virginia, Mr. Miller of Ohio, Mr. Fulcher, Mr. Collins, Ms. Mace, Mr. Carey, and Mr. Kustoff) introduced the following bill; which was referred to the Committee on Ways and Means

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, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Accelerate Long-term Investment Growth Now Act” or the “ALIGN Act”.

SEC. 2. PERMANENT FULL EXPENSING FOR QUALIFIED PROPERTY.

(a) In General.—Paragraph (6) of section 168(k) of the Internal Revenue Code of 1986 is amended to read as follows:

“(6) Applicable percentage.—For purposes of this subsection, the term ‘applicable percentage’ means, in the case of property placed in service (or, in the case of a specified plant described in paragraph (5), a plant which is planted or grafted) after September 27, 2017, 100 percent.”.

(b) Conforming Amendments.—

(1) Section 168(k) of the Internal Revenue Code of 1986 is amended—

(A) in paragraph (2)—

(i) in subparagraph (A)—

(I) in clause (i)(V), by inserting “and” at the end;

(II) in clause (ii), by striking “clause (ii) of subparagraph (E), and” and inserting “clause (i) of subparagraph (E).”; and

(III) by striking clause (iii);

(ii) in subparagraph (B)—

(I) in clause (i)— (aa) by striking subclauses

(II) and (III); and (bb) by redesignating subclauses (IV) through (VI) as subclauses (II) through (IV), respectively;

(II) by striking clause (ii); and

(III) by redesignating clauses

(iii) and (iv) as clauses (ii) and

(iii), respectively;

(iii) in subparagraph (C)—

(I) in clause (i), by striking “and subclauses (II) and (III) of subparagraph (B)(i)”; and

(II) in clause (ii), by striking “subparagraph (B)(iii)” and inserting “subparagraph (B)(ii)”; and

(iv) in subparagraph (E)—

(I) by striking clause (i); and

(II) by redesignating clauses (ii) and (iii) as clauses (i) and (ii), respectively; and

(B) in paragraph (5)(A), by striking “planted before January 1, 2027, or is grafted before such date to a plant that has already been planted,” and inserting “planted or grafted”.

(2) Section 460(c)(6)(B) of such Code is amended by striking “which” and all that follows through the period and inserting “which has a recovery period of 7 years or less.”.

(c) Effective Date.—The amendments made by this section shall take effect as if included in section 13201 of Public Law 115-97. <all>

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