PlainBillCongress, translated.Legislation. Context. Public interest.Congressional Research Service
No official summary is available in the imported record yet.
People & committees
Rep. Smith, Adrian [R-NE-3] · R–NE
Legislative record
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Referred to the House Committee on Ways and Means.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We also preserved the text version used in the PlainBill explanation below.
Source last updated: Dec 5, 2025. Consult Congress.gov for the current record.
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PlainBill explanation
Based on the full Introduced in House · 2025-02-13 text. This explanation has not received human editorial review. This overview describes the proposal’s major provisions; it does not establish what its real-world effects would be.
This bill proposes permanently extending an allowance for business asset and resource costs in a tax calculation involving limits on business interest. It would remove a cutoff tied to tax years beginning before January 1, 2022. The underlying tax rule is not reproduced, so the precise calculation and businesses covered cannot be determined from the supplied text alone.
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 by striking in the case of taxable years beginning before January 1, 2022,.
Section 1 names the proposal the American Investment in Manufacturing and Main Street Act, or AIMM Act.
This Act may be cited as the American Investment in Manufacturing and Main Street Act or the AIMM Act.
Section 2 would delete the phrase restricting the referenced tax provision to tax years beginning before January 1, 2022. The section describes this as permanently extending an allowance for depreciation, amortization, or depletion—deductions involving the cost or use of business assets and resources.
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 by striking in the case of taxable years beginning before January 1, 2022,.
The proposed amendment would apply to tax years beginning after December 31, 2021.
The amendment made by this section shall apply to taxable years beginning after December 31, 2021.
The supplied actions snapshot, updated December 5, 2025, records introduction in the House and referral to the House Committee on Ways and Means on February 13, 2025.
Source snapshot updated 2025-12-05T21:54:35Z. 2025-02-13: Referred to the House Committee on Ways and Means. 2025-02-13: Introduced in House
A closer look
Reviewed version: Introduced in House · 2025-02-13. These findings describe provisions and who may benefit; they are not judgments of waste, corruption, or motive.
This review covers the supplied bill text. “None identified” does not rule out provisions in later versions or accompanying reports and disclosures.
Provisions outside the bill’s main subject, or policy changes attached to appropriations.
None identified in the reviewed text
No unrelated provision was identified in the complete supplied introduced text. This conclusion is limited to that version and does not establish absence in other versions or accompanying materials.
Spending directed to particular recipients or places outside ordinary competitive or formula-based allocation.
None identified in the reviewed text
No congressionally directed spending for particular recipients or places was identified in the complete supplied introduced text. This conclusion is limited to that version; accompanying disclosure materials were not supplied.
Narrow exceptions, exemptions, or preferential treatment that warrant a closer look.
None identified in the reviewed text
No materially narrow carve-out, special exemption, or preferential exception was identified in the complete supplied introduced text. This conclusion is limited to that version and does not establish absence in other versions or accompanying materials.
Full text preserved for this analysis. Legislative record snapshot: Dec 5, 2025. How PlainBill uses AI