H.R. 2673 · 118th Congress
American Innovation and R&D Competitiveness Act of 2023
- Stage
- In committee
- Sponsor
- Ron Estes
- Introduced
- 2023-04-18
- Latest action
- 2023-04-20 · Sponsor introductory remarks on measure.
Summary
American Innovation and R&D Competitiveness Act of 2023
This bill eliminates the five-year amortization requirement for research and experimental expenditures, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.