S. 559 (IS) - American Investment in Manufacturing and Main Street Act - BILLS-119s559is | Content Details | GovInfo

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S. 559 (IS) - American Investment in Manufacturing and Main Street Act

Category: Bills and Statutes

Collection: Congressional Bills

SuDoc Class Number: Y 1.6:
Y 1.4/1:

Congress Number: 119th Congress

Congress Session: 1st Session

Last Action Date Listed: February 13, 2025

Action: Mrs. Capito introduced the following bill; which was read twice and referred to the Committee on Finance

Bill Number: S. 559

Bill Version: Introduced in Senate (IS)

Short Title: American Investment in Manufacturing and Main Street Act

Full Title: To amend the Internal Revenue Code of 1986 to permanently extend the allowance for depreciation, amortization, or depletion for purposes of determining the income limitation on the deduction for business interest.

Sponsors: Shelley Moore Capito(WV)

Committees: Committee on Finance (Standing)

United States Code Reference: 26 U.S.C.