Search Results for keywords:"public law 115-97"

Search Results: keywords:"public law 115-97"

H. R. 574 — 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.
January 21, 2025
Status:Introduced in House
Congress:119
Words:770
H.R. 574 proposes changes to the Internal Revenue Code of 1986 that would allow individuals and businesses to claim a tax deduction immediately when they invest in qualified property. Known as the “Accelerate Long-term Investment Growth Now Act” or the “ALIGN Act,” the bill aims to make this...
Simple Explanation
Congress wants to change the rules so that people and businesses can save money on taxes faster when they buy special things like machines or buildings for work. This new rule would let them get a tax break right away instead of waiting, starting from things they bought after September 27, 2017.
H. R. 8214 — To ratify and approve all authorizations, permits, verifications, extensions, biological opinions, incidental take statements, and any other approvals or orders issued pursuant to Federal law necessary for the establishment and administration of the Coastal Plain oil and gas leasing program, and for other purposes.
May 01, 2024
Status:Introduced in House
Congress:118
Words:2,441
H.R. 8214, titled the “Alaskan Energy Production and Fisheries Protection Act”, aims to support oil and gas leasing in the Coastal Plain area of Alaska. It approves previous authorizations related to the leasing program and prevents any moratorium on leasing activities. The bill directs the...
Simple Explanation
Congress is thinking about letting more oil and gas drilling happen in a special wild place in Alaska, even if it means changing some current rules meant to protect the environment there. This plan also means only a specific court can decide on any problems that might come up about this idea.
S. 187 — To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made.
January 22, 2025
Status:Introduced in Senate
Congress:119
Words:734
S. 187 aims to amend the Internal Revenue Code of 1986 to permanently allow full expensing for investments in qualified property. This means businesses can deduct the complete cost of certain property investments right away, instead of depreciating them over time. The bill...
Simple Explanation
S. 187 wants to change tax rules so businesses can quickly get money back when they buy special items, instead of waiting a long time. This idea is like when you buy a toy and can call it yours right away without waiting.

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