Back to all bills
Standard Summary
Comprehensive overview in 1-2 paragraphs
The AIMM Act permanently extends the allowance for depreciation, amortization, or depletion in determining the income limitation on the deduction for business interest under the Internal Revenue Code.
Key Points
- 1Permanently extends allowance for depreciation, amortization, or depletion
- 2Applies to business interest deduction limitations
- 3Removes previous expiration dates for these allowances
- 4Affects corporate tax calculations
- 5Applies to taxable years beginning after December 31, 2021
- 6Maintains existing business interest expense rules with extended allowances
Impact Areas
Corporate taxpayersBusiness interest expense deductionsFederal tax revenueDepreciation and amortization rulesBusiness investment incentives
Generated by kwaipilot/kat-coder-pro:free on Nov 19, 2025