PRIA Logo™
119-s-187119th CongressWALLET

ALIGN Act

Sponsored By: Senator Lankford, James [R-OK]

Introduced

Summary

Would make 100 percent bonus depreciation permanent for qualified property placed in service after September 27, 2017. The bill would also tidy up internal tax-code references, set a 7-year-or-less recovery-period standard for related rules, and apply the change retroactively to 2017.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Permanent 100 percent expensing for businesses

This bill would set bonus depreciation at 100 percent for qualified property placed in service after September 27, 2017. Businesses and farms would be able to deduct the full cost of eligible property in the first year. The bill would remove the prior January 1, 2027 planting or grafting cutoff for certain plants, so planted or grafted plants could qualify. The change would apply retroactively as if included in section 13201 of Public Law 115-97.

7-year recovery rule for property

This bill would change a tax rule so it covers property that has a recovery period of 7 years or less. Businesses with short-lived property or long-term contracts could see different tax timing for those assets. The change would be effective as if included in section 13201 of Public Law 115-97.

Sponsors & CoSponsors

Sponsor

Lankford, James [R-OK]

OK • R

Cosponsors

  • Sen. Daines, Steve [R-MT]

    MT • R

    Sponsored 1/22/2025

  • Sen. Barrasso, John [R-WY]

    WY • R

    Sponsored 1/22/2025

  • Sen. Blackburn, Marsha [R-TN]

    TN • R

    Sponsored 1/22/2025

  • Sen. Young, Todd [R-IN]

    IN • R

    Sponsored 1/22/2025

  • Sen. Grassley, Chuck [R-IA]

    IA • R

    Sponsored 1/22/2025

  • Sen. Marshall, Roger [R-KS]

    KS • R

    Sponsored 1/22/2025

  • Sen. Capito, Shelley Moore [R-WV]

    WV • R

    Sponsored 1/22/2025

  • Sen. Risch, James E. [R-ID]

    ID • R

    Sponsored 1/22/2025

  • Sen. Boozman, John [R-AR]

    AR • R

    Sponsored 1/22/2025

  • Sen. Lee, Mike [R-UT]

    UT • R

    Sponsored 2/4/2025

  • Sen. Hoeven, John [R-ND]

    ND • R

    Sponsored 2/5/2025

  • Sen. Sheehy, Tim [R-MT]

    MT • R

    Sponsored 2/13/2025

  • Sen. Ricketts, Pete [R-NE]

    NE • R

    Sponsored 4/10/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation