HR 2673
118th Congress
House
Taxation
Business expenses
Income tax deductions
Research and development
American Innovation and R&D Competitiveness Act of 2023
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 20, 2023
Sponsor introductory remarks on measure. (CR H1898)
Apr 18, 2023
Referred to the House Committee on Ways and Means.
Apr 18, 2023
Introduced in House
Plain-English 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.
What's happening now
Sponsor introductory remarks on measure. (CR H1898)
Committees of jurisdiction
1