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Standard Summary
Comprehensive overview in 1-2 paragraphs
The ALIGN Act permanently extends 100% bonus depreciation for qualified property investments, allowing businesses to immediately deduct the full cost of eligible equipment and infrastructure investments rather than depreciating them over time.
Key Points
- 1Permanently extends 100% bonus depreciation for qualified property placed in service after September 27, 2017
- 2Amends Internal Revenue Code section 168(k) to make full expensing permanent
- 3Applies to property placed in service or planted/grafed specified plants
- 4Includes conforming amendments to coordinate with other tax provisions
- 5Effective date applies retroactively as if included in 2017 tax legislation
Impact Areas
Businesses making capital investmentsManufacturing and industrial sectorsAgricultural operationsFederal tax revenueEconomic stimulus and investment
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