,,ii  #aafth ,,congress  #b;d ,session  
,s4 #cbif  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,february #ac1 
#bjbj,mr4 ,toomey 7for himself1 ,mr4    
,perdue1 ,mr4 ,tillis1 ,mr4 ,cruz1 ,mr4 
,rubio1 ,mr4 ,risch1 ,mr4 ,cramer1 ,mrs4
 ,capito1 ,mr4 ,inhofe1 ,mr4 ,gardner1  
,mr4 ,portman1 ,mr4 ,braun1 ,mr4 ,scott 
of ,south ,carolina1 ,mr4 ,moran1 and   
,mr4 ,lankford7 introduced the following
 bill2 which was read twice and referred
 to the ,committee on ,finance  ,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 end1   
7,,ii7 in clause 7ii71 by striking      
clause 7ii7 of subparagraph 7,e71 and   
and inserting clause 7i7 of subparagraph
 7,e741 and  7,,iii7 by striking clause 
7iii71  7ii7 in subparagraph 7,b7-- 7,i7
 in clause 7i7-- 7aa7 by striking       
subclauses 7,,ii7 and 7,,iii71 and  7bb7
 by redesignating subclauses 7,,iv7     
through 7,,vi7 as subclauses 7,,ii7     
through 7,,iv71 respectively1  7,,ii7 by
 striking clause 7ii71 and  7,,iii7 by  
redesignating clauses 7iii7 and 7iv7 as 

clauses 7ii7 and 7iii71 respectively1   
7iii7 in subparagraph 7,c7-- 7,i7 in    
clause 7i71 by striking and subclauses  
7,,ii7 and 7,,iii7 of subparagraph      
7,b77i71 and  7,,ii7 in clause 7ii71 by 
striking subparagraph 7,b77iii7 and     
inserting subparagraph 7,b77ii71 and    
7iv7 in subparagraph 7,e7-- 7,i7 by     
striking clause 7i71 and  7,,ii7 by     
redesignating clauses 7ii7 and 7iii7 as 
clauses 7i7 and 7ii71 respectively1 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 
#c4 ,technical amendments regarding     

qualified improvement property  7a7 ,in 
general ,section #afh of the ,internal  
,revenue ,code of #aihf1 as amended by  
section #b1 is amended-- 7#a7 in        
subsection 7e7-- 7,a7 in paragraph      
7#c77;,e71 by striking and at the end of
 clause 7v71 by striking the period at  
the end of clause 7vi7 and inserting 1  
and1 and by adding at the end the       
following new clause3  7vii7 any        
qualified improvement property4  1 and  
7,b7 in paragraph 7#f77;,a71 by         
inserting made by the taxpayer after any
 improvement1 and  7#b7 in the table    
contained in subsection 7g77#c77;,b7--  
7,a7 by striking the item relating to   
subparagraph 7,d77v71 and  7,b7 by      
inserting after the item relating to    
subparagraph 7,e77vi7 the following new 
item3 7,e77vii7#bj 4  7b7 ,effective    
date ,the amendments made by this       
section shall take effect as if included
 in section #acbjd of ,public ,law      
#aae-ig4