The ALIGN Act proposes to permanently allow a tax deduction at the time an investment in qualified property is made.
The ALIGN Act, or Accelerate Long-term Investment Growth Now Act, seeks to amend the Internal Revenue Code of 1986. It aims to permanently allow a tax deduction at the time an investment in qualified property is made. This change would apply to property placed in service after September 27, 2017, with an applicable percentage set at 100 percent. The bill includes conforming amendments and specifies an effective date tied to section 13201 of Public Law 115–97.
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