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ALIGN Act

S. 187 Sen. James Lankford (R-OK) In committee
Bill text PDF
  1. Introduced Jan 22
  2. Committee Jan 22
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Jan 22, 2025Next: Senate vote
644d ago Jan 22, 2025: Read twice and referred to the Committee on Finance.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
12companies, 44 filings
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Member trades
21trades in the last 90 days
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Companies lobbying on this bill

12 companies
Companies by sector
Communications & Media 3Consumer & Retail 3Biotech & Pharma 2Mining & Materials 2Energy 1Industrials 1
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Summary

This bill permanently allows businesses to fully deduct the cost of investments in qualified property in the year the property is placed in service, rather than depreciating it over time. Sec. 2, Permanent full expensing for qualified property: This section amends the Internal Revenue Code to set the applicable percentage for bonus depreciation at 100% for property placed in service after September 27, 2017, making full expensing permanent. It also makes conforming changes to related provisions, including removing phase-down percentages and updating rules for certain plants and long-term contracts. The effective date provides that these changes apply as if they were included in the original 2017 tax law.

Summary of the bill text as introduced in Senate (Jan 22, 2025), generated by SecBot from the official bill text; the Library of Congress summary is not yet published.

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.