ALIGN Act

1/13/2024, 8:15 AM

Accelerate Long-term Investment Growth Now Act or the ALIGN Act

This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.

The ALIGN Act, also known as Bill 118 hr 2406, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address issues related to workforce development and education in the United States.

The ALIGN Act aims to promote alignment between education and workforce needs by encouraging partnerships between educational institutions, businesses, and other stakeholders. This bill seeks to improve the coordination of education and training programs to better prepare individuals for the demands of the modern workforce.

Additionally, the ALIGN Act includes provisions to support the development of career pathways for students and workers, as well as initiatives to expand access to high-quality education and training programs. The bill also emphasizes the importance of promoting diversity and inclusion in the workforce, and seeks to address disparities in access to education and employment opportunities. Overall, the ALIGN Act is focused on improving the alignment between education and workforce needs in order to better prepare individuals for success in the 21st century economy. It aims to support the development of a skilled and diverse workforce that can meet the demands of a rapidly changing labor market.
Congress
118

Number
HR - 2406

Introduced on
2023-03-30

# Amendments
0

Sponsors
+5

Cosponsors
+5

Variations and Revisions

3/30/2023

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Accelerate Long-term Investment Growth Now Act or the ALIGN Act

This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same taxable year.

The ALIGN Act, also known as Bill 118 hr 2406, is a piece of legislation currently being considered by the US Congress. The purpose of this bill is to address issues related to workforce development and education in the United States.

The ALIGN Act aims to promote alignment between education and workforce needs by encouraging partnerships between educational institutions, businesses, and other stakeholders. This bill seeks to improve the coordination of education and training programs to better prepare individuals for the demands of the modern workforce.

Additionally, the ALIGN Act includes provisions to support the development of career pathways for students and workers, as well as initiatives to expand access to high-quality education and training programs. The bill also emphasizes the importance of promoting diversity and inclusion in the workforce, and seeks to address disparities in access to education and employment opportunities. Overall, the ALIGN Act is focused on improving the alignment between education and workforce needs in order to better prepare individuals for success in the 21st century economy. It aims to support the development of a skilled and diverse workforce that can meet the demands of a rapidly changing labor market.
Alternative Names
Official Title as IntroducedTo 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.

Policy Areas
Taxation

Comments

Recent Activity

Latest Summary4/19/2023

Accelerate Long-term Investment Growth Now Act or the ALIGN Act

This bill makes permanent the expensing of certain new business equipment. Expensing allows the deduction of the full amount of an expense item in the same tax...


Latest Action3/30/2023
Referred to the House Committee on Ways and Means.