ALIGN Act

3/12/2024, 7:43 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 s 1117, 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 improve the alignment between education and workforce needs by promoting partnerships between educational institutions, businesses, and other stakeholders. This includes encouraging the development of industry-recognized credentials and certifications, as well as expanding access to work-based learning opportunities for students.

Additionally, the bill seeks to increase transparency and accountability in workforce development programs by requiring regular reporting on outcomes and performance metrics. It also aims to streamline and coordinate existing federal workforce development programs to ensure they are effectively meeting the needs of both employers and workers. Overall, the ALIGN Act is focused on improving the connection between education and the workforce in order to better prepare individuals for the jobs of the future. It emphasizes the importance of collaboration between educational institutions and employers to ensure that students are equipped with the skills and knowledge needed to succeed in the workforce.
Congress
118

Number
S - 1117

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 s 1117, 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 improve the alignment between education and workforce needs by promoting partnerships between educational institutions, businesses, and other stakeholders. This includes encouraging the development of industry-recognized credentials and certifications, as well as expanding access to work-based learning opportunities for students.

Additionally, the bill seeks to increase transparency and accountability in workforce development programs by requiring regular reporting on outcomes and performance metrics. It also aims to streamline and coordinate existing federal workforce development programs to ensure they are effectively meeting the needs of both employers and workers. Overall, the ALIGN Act is focused on improving the connection between education and the workforce in order to better prepare individuals for the jobs of the future. It emphasizes the importance of collaboration between educational institutions and employers to ensure that students are equipped with the skills and knowledge needed to succeed in the workforce.
Alternative Names
Official Title as IntroducedA 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.

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
Read twice and referred to the Committee on Finance.