I 
119TH CONGRESS 
1ST SESSION 
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. 
IN THE HOUSE OF REPRESENTATIVES 
JANUARY 21, 2025 
Mr. ARRINGTON (for himself, Mr. ESTES, Mr. LAHOOD, Ms. TENNEY, Mr. 
HERN of Oklahoma, Mr. BUCHANAN, Ms. VAN DUYNE, Mr. FEENSTRA, 
Mrs. MILLER of West Virginia, Mr. MILLER of Ohio, Mr. FULCHER, Mr. 
COLLINS, Ms. MACE, Mr. CAREY, and Mr. KUSTOFF) introduced the fol-
lowing 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 quali-
fied property is made, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Accelerate Long-term 
Investment Growth Now Act’’ or the ‘‘ALIGN Act’’. 
VerDate Sep 11 2014 
16:17 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00001
Fmt 6652
Sfmt 6201
E:\BILLS\H574.IH
H574
ssavage on LAPJG3WLY3PROD with BILLS
SEC. 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 para-
graph (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 sub-
paragraph (E).’’; and 
(III) by striking clause (iii); 
(ii) in subparagraph (B)— 
(I) in clause (i)— 
VerDate Sep 11 2014 
16:17 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00002
Fmt 6652
Sfmt 6201
E:\BILLS\H574.IH
H574
ssavage on LAPJG3WLY3PROD with BILLS
(aa) by striking subclauses 
(II) and (III); and 
(bb) by redesignating sub-
clauses (IV) through (VI) as sub-
clauses (II) through (IV), respec-
tively; 
(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 subpara-
graph (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), respec-
tively; 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 
VerDate Sep 11 2014 
16:17 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00003
Fmt 6652
Sfmt 6201
E:\BILLS\H574.IH
H574
ssavage on LAPJG3WLY3PROD with BILLS
been planted,’’ and inserting ‘‘planted or graft-
ed’’. 
(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 recov-
ery 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. 
Æ 
VerDate Sep 11 2014 
16:17 Feb 18, 2025
Jkt 059200
PO 00000
Frm 00004
Fmt 6652
Sfmt 6301
E:\BILLS\H574.IH
H574
ssavage on LAPJG3WLY3PROD with BILLS