,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #fhjb  ,,in ,,the ,,house ,,of  
,,representatives  ,may #ab1 #bjbj,mr4  
,arrington 7for himself1 ,mr4 ,ferguson1
 ,mr4 ,smith of ,missouri1 ,mr4 ,rice of
 ,south ,carolina1 ,mr4 ,reschenthaler1 
,mr4 ,schweikert1 and ,mr4 ,wenstrup7   
introduced the following bill2 which was
 referred to the ,committee on ,ways and
 ,means  ,a ,,bill  ,to amend the       
,internal ,revenue ,code of #aihf to    
permanently allow a tax deduction at the
 time an investment in qualified        
property is made1 and for other         
purposes4  #a4 ,short title ,this ,act  
may be cited as the ,accelerate         
,long-term ,investment ,growth ,now ,act
 or the ,,align ,act4  #b4 ,permanent   
full expensing for qualified property   
7a7 ,in general ,paragraph 7#f7 of      
section #afh7k7 of the ,internal        
,revenue ,code of #aihf is amended to   
read as follows3  7#f7 ,applicable      
percentage ,for purposes of this        
subsection1 the term applicable         

percentage means1 in the case of        
property placed in service 7or1 in the  
case of a specified plant described in  
paragraph 7#e71 a plant which is planted
 or grafted7 after ,september #bg1      
#bjag1 #ajj percent4  4  7b7 ,conforming
 amendments  7#a7 ,section #afh7k7 of   
the ,internal ,revenue ,code of #aihf is
 amended-- 7,a7 in paragraph 7#b7-- 7i7 
in subparagraph 7,a7-- 7,i7 in clause   
7i77,v71 by inserting and at the end2   
7,,ii7 in clause 7ii71 by striking      
clause 7ii7 of subparagraph 7,e71 and   
and inserting clause 7i7 of subparagraph
 7,e742 and  7,,iii7 by striking clause 
7iii72  7ii7 in subparagraph 7,b7-- 7,i7
 in clause 7i7-- 7aa7 by striking       
subclauses 7,,ii7 and 7,,iii72 and  7bb7
 by redesignating subclauses 7,,iv7     
through 7,,vi7 as subclauses 7,,ii7     
through 7,,iv71 respectively2  7,,ii7 by
 striking clause 7ii72 and  7,,iii7 by  
redesignating clauses 7iii7 and 7iv7 as 
clauses 7ii7 and 7iii71 respectively2   
7iii7 in subparagraph 7,c7-- 7,i7 in    

clause 7i71 by striking and subclauses  
7,,ii7 and 7,,iii7 of subparagraph      
7,b77i72 and  7,,ii7 in clause 7ii71 by 
striking subparagraph 7,b77iii7 and     
inserting subparagraph 7,b77ii72 and    
7iv7 in subparagraph 7,e7-- 7,i7 by     
striking clause 7i72 and  7,,ii7 by     
redesignating clauses 7ii7 and 7iii7 as 
clauses 7i7 and 7ii71 respectively2 and 
7,b7 in paragraph 7#e77;,a71 by striking
 planted before ,january #a1 #bjbg1 or  
is grafted before such date to a plant  
that has already been planted1 and      
inserting planted or grafted4  7#b7     
,section #dfj7;c77#f77;,b7 of such ,code
 is amended by striking which and all   
that follows through the period and     
inserting which has a recovery period of
 #g years or less44  7c7 ,effective date
 ,the amendments made by this section   
shall take effect as if included in     
section #acbja of ,public ,law #aae-ig4