# 119-hr-1347: AIMM Act

119-hr-1347, AIMM Act, is a 119th Congress bill sponsored by Rep. Smith, Adrian [R-NE-3] (R-NE); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-1347
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-1347
- Congress: 119
- Title: AIMM Act
- Status: introduced
- Introduced: 2025-02-13
- Sponsor: Rep. Smith, Adrian [R-NE-3] (R-NE)
- Cosponsors: 21
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Permanently extends the allowance for depreciation, amortization, and depletion that sets the income cap on the business interest deduction under section 163(j).** This bill would remove the phrase "in the case of taxable years beginning before January 1, 2022" so the allowance no longer sunsets. The change would apply to taxable years beginning after December 31, 2021. No other policy changes are included in this section.

## Cosponsors (21)

- Rep. Morelle, Joseph D. [D-NY-25] (D-NY), 2025-02-13T00:00:00.000Z
- Rep. Hern, Kevin [R-OK-1] (R-OK), 2025-02-13T00:00:00.000Z
- Rep. Schneider, Bradley Scott [D-IL-10] (D-IL), 2025-02-13T00:00:00.000Z
- Rep. Miller, Max L. [R-OH-7] (R-OH), 2025-02-13T00:00:00.000Z
- Rep. Feenstra, Randy [R-IA-4] (R-IA), 2025-02-13T00:00:00.000Z
- Rep. LaHood, Darin [R-IL-16] (R-IL), 2025-02-13T00:00:00.000Z
- Rep. Buchanan, Vern [R-FL-16] (R-FL), 2025-02-13T00:00:00.000Z
- Rep. Smucker, Lloyd [R-PA-11] (R-PA), 2025-02-13T00:00:00.000Z
- Rep. Moran, Nathaniel [R-TX-1] (R-TX), 2025-02-13T00:00:00.000Z
- Rep. Kustoff, David [R-TN-8] (R-TN), 2025-02-13T00:00:00.000Z
- Rep. Carey, Mike [R-OH-15] (R-OH), 2025-02-13T00:00:00.000Z
- Rep. Strickland, Marilyn [D-WA-10] (D-WA), 2025-02-13T00:00:00.000Z
- Rep. Yakym, Rudy [R-IN-2] (R-IN), 2025-02-13T00:00:00.000Z
- Rep. Panetta, Jimmy [D-CA-19] (D-CA), 2025-02-13T00:00:00.000Z
- Rep. Quigley, Mike [D-IL-5] (D-IL), 2025-02-13T00:00:00.000Z
- Rep. Tenney, Claudia [R-NY-24] (R-NY), 2025-02-13T00:00:00.000Z
- Rep. Meuser, Daniel [R-PA-9] (R-PA), 2025-03-03T00:00:00.000Z
- Rep. Bynum, Janelle S. [D-OR-5] (D-OR), 2025-03-24T00:00:00.000Z
- Rep. Balderson, Troy [R-OH-12] (R-OH), 2025-03-27T00:00:00.000Z
- Rep. Davids, Sharice [D-KS-3] (D-KS), 2025-04-09T00:00:00.000Z
- Rep. Fitzpatrick, Brian K. [R-PA-1] (R-PA), 2025-05-01T00:00:00.000Z

## Provisions PRIA read

- Bigger interest deduction for businesses: benefit, high. If enacted, businesses could include depreciation, amortization, and depletion when figuring the limit on their business interest deduction. This would make that allowance permanent. It would apply to tax years beginning after December 31, 2021. Many businesses could deduct more interest and pay le…

## Related bills

- 119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage Act
- 119-hr-1262: Mikaela Naylon Give Kids a Chance Act
- 119-hr-1422: Enhanced Iran Sanctions Act of 2025
- 119-hr-909: Crime Victims Fund Stabilization Act of 2025
- 119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025
- 119-hr-452: Miracle on Ice Congressional Gold Medal Act

## Sources
- [119-hr-1347 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/1347)

## Related
- [119-hr-842: Nancy Gardner Sewell Medicare Multi-Cancer Early Detection Screening Coverage A…](https://policyrisk.com/legislation/119-hr-842)
- [119-hr-1262: Mikaela Naylon Give Kids a Chance Act](https://policyrisk.com/legislation/119-hr-1262)
- [119-hr-1422: Enhanced Iran Sanctions Act of 2025](https://policyrisk.com/legislation/119-hr-1422)
- [119-hr-909: Crime Victims Fund Stabilization Act of 2025](https://policyrisk.com/legislation/119-hr-909)
- [119-hr-3514: Improving Seniors’ Timely Access to Care Act of 2025](https://policyrisk.com/legislation/119-hr-3514)
- [119-hr-452: Miracle on Ice Congressional Gold Medal Act](https://policyrisk.com/legislation/119-hr-452)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-1347 (as of 2026-04-21).