American Innovation and R&D Competitiveness Act of 2021

United States117th CongressHR-1304House of Representatives
Updated: Feb 24, 2021

Summary

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.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

  1. Referred to the House Committee on Ways and Means.

    House of Representatives

  2. Introduced in House

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