H.R. 2406House118th Congress (2023-2025)In Committee

ALIGN Act

Introduced March 30, 2023

AI-Generated Summary

Updated January 20, 2026 at 5:58 AM UTC

The ALIGN Act changes the tax code to make the 100% immediate deduction for qualified property a permanent rule. It lets businesses deduct the full cost of eligible investments when they are placed in service, rather than spreading the deduction over time. The change applies to any qualified property placed in service after September 27, 2017, affecting corporations and other taxpayers that invest in such assets.

Key Provisions

  • Amends Section 168(k) to set the “applicable percentage” at 100% for qualified property placed in service after September 27, 2017, making full expensing permanent.
  • Makes related technical adjustments in other parts of the tax code to align with the new permanent 100% deduction rule.
  • Specifies that the amendments take effect as if they were part of the 2018 tax law (Public Law 115‑97).

Legislative Activity

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1 earlier action
HouseIntro Referral Latest Action

Referred to the House Committee on Ways and Means.

March 30, 2023

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HouseIntro Referral

Introduced in House

March 30, 2023

HouseIntro Referral

Referred to the House Committee on Ways and Means.

March 30, 2023

Floor Debate

2 members

What members said about H.R. 2406 on the floor

2 Republicans
Kevin Kiley
Rep. Kevin KileyR-CA-3 · Jan 30, 2024

Mr. Speaker, I rise to commend a new initiative by the business community and law enforcement in Placer County spearheaded by the district attorney's office called the Placer County Retail Theft…

Monica De La Cruz
Rep. Monica De La CruzR-TX-15 · Sep 12, 2023

Under clause 7 of rule XII, sponsors were added to public bills and resolutions, as follows: H.R. 16: Ms. Tokuda, Mr. Magaziner, Mr. Casten, Mr. Casar, Mr. Sherman, Ms. Caraveo, and Mr. Sablan. H.R.…

Bill Text

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Introduced in HouseIssued March 30, 2023

I

118th CONGRESS

1st Session

H. R. 2406

IN THE HOUSE OF REPRESENTATIVES

March 30, 2023

Mr. Arrington (for himself, Mr. Buchanan, Mrs. Miller of West Virginia, Mr. Fitzpatrick, Ms. Tenney, Mr. Smith of Nebraska, Mr. Ferguson, Mrs. Steel, Mr. Estes, Mr. Kustoff, Mr. Moore of Utah, Mr. Hern, Mr. Feenstra, and Mr. LaHood) introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made, and for other purposes.

1.

Short title

This Act may be cited as the Accelerate Long-term Investment Growth Now Act or the ALIGN Act.

2.

Permanent full expensing for qualified property

(a)

In general

Paragraph (6) of section 168(k) of the Internal Revenue Code of 1986 is amended to read as follows:

(6)

Applicable percentage

For purposes of this subsection, the term applicable percentage means, in the case of property placed in service (or, in the case of a specified plant described in paragraph (5), a plant which is planted or grafted) after September 27, 2017, 100 percent.

.

(b)

Conforming amendments

(1)

Section 168(k) of the Internal Revenue Code of 1986 is amended—

(A)

in paragraph (2)—

(i)

in subparagraph (A)—

(I)

in clause (i)(V), by inserting and at the end;

(II)

in clause (ii), by striking clause (ii) of subparagraph (E), and and inserting clause (i) of subparagraph (E).; and

(III)

by striking clause (iii);

(ii)

in subparagraph (B)—

(I)

in clause (i)—

(aa)

by striking subclauses (II) and (III); and

(bb)

by redesignating subclauses (IV) through (VI) as subclauses (II) through (IV), respectively;

(II)

by striking clause (ii); and

(III)

by redesignating clauses (iii) and (iv) as clauses (ii) and (iii), respectively;

(iii)

in subparagraph (C)—

(I)

in clause (i), by striking and subclauses (II) and (III) of subparagraph (B)(i); and

(II)

in clause (ii), by striking subparagraph (B)(iii) and inserting subparagraph (B)(ii); and

(iv)

in subparagraph (E)—

(I)

by striking clause (i); and

(II)

by redesignating clauses (ii) and (iii) as clauses (i) and (ii), respectively; and

(B)

in paragraph (5)(A), by striking planted before January 1, 2027, or is grafted before such date to a plant that has already been planted, and inserting planted or grafted.

(2)

Section 460(c)(6)(B) of such Code is amended by striking which and all that follows through the period and inserting which has a recovery period of 7 years or less..

(c)

Effective date

The amendments made by this section shall take effect as if included in section 13201 of Public Law 115–97.