To amend the Internal Revenue Code of 1986 to restore the deduction for research and experimental expenditures.
American Innovation and R&D Competitiveness Act of 2021
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.
Read twice and referred to the Committee on Finance.
Referred to the Subcommittee on Energy and Mineral Resources.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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