H.R. 4549 · 116th Congress
AICA Act of 2019
- Stage
- In committee
- Sponsor
- John Larson
- Introduced
- 2019-09-27
- Latest action
- 2019-09-27 · Introduced in House
Summary
American Innovation and Competitiveness Act of 2019 or the AICA Act of 2019
This bill eliminates the five-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.