The main purpose of this legislation, known as the Accelerate Long-term Investment Growth Now Act or the ALIGN Act, is to encourage businesses to invest in qualified property by allowing them to deduct the full cost of these investments from their taxable income at the time the investment is made. This aims to stimulate economic growth by making it more financially attractive for businesses to invest in new equipment and facilities. Key provisions of the Act include a permanent change to the tax code that allows for 100 percent expensing of qualified property.