HR 4549
116th Congress
House
Taxation
Business expenses
Credit and credit markets
Income tax deductions
Research and development
Tax administration and collection, taxpayers
AICA Act of 2019
Introduced: September 27, 2019
Introduced by:
Larson, John B.
Democratic
· Connecticut
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 27, 2019
Referred to the House Committee on Ways and Means.
Sep 27, 2019
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1