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.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill requires permanent extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest Section 163(j)(8)(A)(v) of the Internal Revenue Code of 1986 is amended. It relies on definition changes, tax rate changes, and compliance mandates. The main policy areas are Business and Finance.
Who Benefits and How
Businesses and employers affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties.
Key Provisions
- Requires permanent extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest Section 163(j)(8)(A)(v) of the Internal Revenue Code of 1986 is amended...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires permanent extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest Section 163(j)(8)(A)(v) of the Internal Revenue Code of 1986 is amended.
Key Policy Areas
Business, Finance
Primary Purpose
The bill requires permanent extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest Section 163(j)(8)(A)(v) of the Internal Revenue Code of 1986 is amended.
Policy Domains
Whole bill
Identified Gains
- Businesses and employers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
Sponsors
Legislative Progress
IntroducedMrs. Capito (for herself and Ms. Sinema) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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