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Permanently allows businesses to count depreciation, amortization, and depletion when computing the adjusted taxable income used to limit business interest deductions under the Internal Revenue Code. The change amends the tax code language that had temporarily excluded those items and applies to taxable years beginning after December 31, 2021.
Read twice and referred to the Committee on Finance.
Introduced February 13, 2025 by Shelley Moore Capito · Last progress February 13, 2025
AIMM Act