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 adds or tightens a compliance mandate provision: 2. Permanent extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest Section 163(j)(8)(A)(v) of. It relies on compliance mandates. The main policy areas are Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Adds or tightens a compliance mandate provision: 2. Permanent extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest Section 163(j)(8)(A)(v) of...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill adds or tightens a compliance mandate provision: 2. Permanent extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest Section 163(j)(8)(A)(v) of.
Key Policy Areas
Finance
Primary Purpose
The bill adds or tightens a compliance mandate provision: 2. Permanent extension of allowance for depreciation, amortization, or depletion in determining the limitation on business interest Section 163(j)(8)(A)(v) of.
Policy Domains
Legislative Progress
IntroducedMrs. Capito introduced the following bill; which was read twice …
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?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology