How S 559 changes current law

AIMM Act · United States

How this bill changes current law

1 change

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The bill permanently extends the allowance for depreciation, amortization, or depletion when calculating the limitation on business interest deductions.

  • Section 163(j)(8)(A)(v)

    in the case of taxable years beginning before January 1, 2022,

    This change allows the allowance for depreciation, amortization, or depletion to be used in determining business interest deductions for all taxable years, not just before 2022.

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