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Standard Summary
Comprehensive overview in 1-2 paragraphs
The AIMM Act amends the Internal Revenue Code to permanently extend depreciation, amortization, or depletion allowances for business interest deductions, removing the 2022 expiration date to enhance long-term investment incentives for manufacturers and capital-intensive industries.
Key Points
- 1Permanently extends depreciation, amortization, or depletion allowances for business interest deductions.
- 2Removes the prior expiration clause set for January 1, 2022, ensuring ongoing applicability.
- 3Effective for taxable years beginning post-December 31, 2021, aiding long-term financial planning.
Impact Areas
Manufacturing businessesCapital-intensive industriesFederal tax revenueCorporate tax compliance
Generated by legislative analysis model on Nov 10, 2025