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.
Business expensesIncome tax deductionsResearch and development
American Innovation and R&D Competitiveness Act of 2023
USA118th CongressHR-2673| House
| Updated: 4/20/2023
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.