Introduced
S. 559
Introduced in Senate · March 11, 2025February 13, 2025
Mrs. Capito introduced the following bill; which was read twice and referred to the Committee on Finance
A BILL
To amend the Internal Revenue Code of 1986 to permanently extend the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the deduction for business interest.
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 “American Investment in Manufacturing and Main Street Act” or the “AIMM Act”.