CREATE JOBS Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 3967 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 3967 To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES June 12, 2025 Mr. Grothman (for himself, Mr. Mann, Mr. Rose, and Mr. Rulli) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Cost Recovery and Expensing Acceleration to Transform the Economy and Jumpstart Opportunities for Businesses and Startups Act'' or the ``CREATE JOBS Act''. SEC. 2. PERMANENT FULL EXPENSING FOR QUALIFIED PROPERTY. (a) In General.--Paragraph (6) of section 168(k) of the Internal Revenue Code of 1986 is amended to read as follows: ``(6) Applicable percentage.--For purposes of this subsection, the term `applicable percentage' means, in the case of property placed in service (or, in the case of a specified plant described in paragraph (5), a plant which is planted or grafted) after September 27, 2017, 100 percent.''. (b) Conforming Amendments.-- (1) Section 168(k) of the Internal Revenue Code of 1986 is amended-- (A) in paragraph (2)-- (i) in subparagraph (A)-- (I) in clause (i)(V), by inserting ``and'' at the end, (II) in clause (ii), by striking ``clause (ii) of subparagraph (E), and'' and inserting ``clause (i) of subparagraph (E).'', and (III) by striking clause (iii), (ii) in subparagraph