Senate bill · S. 2056 (119th Congress)
CREATE JOBS Act
U.S. Senate
Sponsor: Ted Cruz (U.S. Senator for Texas, Republican)
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From Congress.gov and official rosters. This record was last updated Jul 30, 2026. About our data
Summary
Would amend the Internal Revenue Code to make 100 percent first-year expensing (bonus depreciation) permanent for qualified property placed in service after September 27, 2017, instead of letting the percentage phase down.
AI summary. Not an official summary. How we handle summaries
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Senate Committee on Finance · U.S. Senate
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Related bills
- H.R. 3967CREATE JOBS ActIdentical bill
- H.R. 574ALIGN ActRelated bill
- H.R. 1990American Innovation and R&D Competitiveness Act of 2025Related bill
- S. 187ALIGN ActRelated bill
As identified by Congress.gov.
Full history
- Jun 12, 2025
Introduced
Introduced in U.S. Senate
U.S. Senate
- Jun 12, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
- Jun 12, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
- Jun 12, 2025
Referred to committee
Read twice and referred to the Committee on Finance.
Read the record
- Read on Congress.gov (opens in a new tab) The official record on Congress.gov.