American Innovation and R&D Competitiveness Act of 2023
Last action on Apr 7, 2025Referred to the House Committee on Natural Resources.
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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.
Lifecycle of the Bill
Introduced in House
Apr 7, 2025
Introduced in House
Apr 7, 2025
Referred to the House Committee on Natural Resources.
Apr 7, 2025
