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Allows Immediate Tax Deductions for Investments

Recent Bills/Allows Immediate Tax Deductions for Investments

Allows Immediate Tax Deductions for Investments

IntroducedN/A

Introduced1 year ago

Intro

Senate

House

Pres

Read twice and referred to the Committee on Finance.

More:Recently Introduced Bills Taxes Senate Bills

Why This Matters

This bill allows businesses to take a full tax deduction for investments in qualified property immediately instead of over several years.

If you own a business and invest in qualified property, you can deduct the full cost immediately instead of over time.

Who this affects

business owners · investors

What changes is this bill making?

1This bill makes it easier for businesses to deduct the full cost of certain investments right away.
2It applies to investments in qualified property, which includes equipment and certain plants.
3The change is permanent, meaning businesses can benefit from this tax deduction every year.
4This bill aims to encourage businesses to invest more in their operations and growth.

Last changed 3 months ago · checked hourly

Bill Progress1 of 4

Bills must pass the House, Senate, and be signed by the President to become law.

Intro

Senate

House

Pres

IntroducedCurrentJan 22, 2025

Read twice and referred to the Committee on Finance.

Sponsors

See all 4 sponsors

Senate

House

President

The President

Similar Bills

House Bill · HR 3967

1 of 4 · Introduced

Tax Deduction for Business Investments

CREATE JOBS Act

House Bill · HR 574

1 of 4 · Introduced

Permanent Tax Deduction for Investments

Senate Bill · S 695

1 of 4 · Introduced

Increases Tax Breaks for Small Business Investments

Small Business Investment Act of 2025