American Innovation and R&D Competitiveness Act of 2021
USA117th CongressHR-1304| House
| Updated: 2/24/2021
John B. Larson
Democratic Representative
Connecticut
Cosponsors (114)
Brenda L. Lawrence (Democratic)Dwight Evans (Democratic)Diana Harshbarger (Republican)David Schweikert (Republican)Steve Chabot (Republican)Tim Ryan (Democratic)Nikema Williams (Democratic)Adrian Smith (Republican)David Kustoff (Republican)Marcy Kaptur (Democratic)Tom O'Halleran (Democratic)Tom Cole (Republican)Frank D. Lucas (Republican)Eric A. "Rick" Crawford (Republican)Marc A. Veasey (Democratic)Jake LaTurner (Republican)Mikie Sherrill (Democratic)Guy Reschenthaler (Republican)Stephanie N. Murphy (Democratic)Alexander X. Mooney (Republican)Lisa Blunt Rochester (Democratic)Steve Womack (Republican)Chrissy Houlahan (Democratic)Gregory F. Murphy (Republican)Darren Soto (Democratic)Warren Davidson (Republican)Derek Kilmer (Democratic)Scott Franklin (Republican)Rick W. Allen (Republican)Van Taylor (Republican)Bill Foster (Democratic)Joe Courtney (Democratic)Darin LaHood (Republican)C. A. Dutch Ruppersberger (Democratic)Pete Aguilar (Democratic)Mike Carey (Republican)Brad R. Wenstrup (Republican)Terri A. Sewell (Democratic)Jackie Walorski (Republican)Steven Horsford (Democratic)Ken Buck (Republican)Jimmy Panetta (Democratic)Dina Titus (Democratic)John R. Curtis (Republican)Melanie A. Stansbury (Democratic)Andy Biggs (Republican)Suzan K. DelBene (Democratic)Jennifer Wexton (Democratic)Jerry L. Carl (Republican)Thomas R. Suozzi (Democratic)Earl L. "Buddy" Carter (Republican)Haley M. Stevens (Democratic)Anthony G. Brown (Democratic)Ann Kirkpatrick (Democratic)Danny K. Davis (Democratic)Lucille Roybal-Allard (Democratic)Ken Calvert (Republican)Daniel T. Kildee (Democratic)Ted Lieu (Democratic)Scott Perry (Republican)David B. McKinley (Republican)Jason Smith (Republican)Lloyd Smucker (Republican)Greg Stanton (Democratic)A. Drew Ferguson (Republican)Ronny Jackson (Republican)Don Bacon (Republican)Brendan F. Boyle (Democratic)Fred Upton (Republican)Carol D. Miller (Republican)Jodey C. Arrington (Republican)Joseph D. Morelle (Democratic)Ann Wagner (Republican)Rodney Davis (Republican)Mike Kelly (Republican)Tom Rice (Republican)Marilyn Strickland (Democratic)John Joyce (Republican)Glenn Grothman (Republican)Ron Estes (Republican)Peter Meijer (Republican)Charles J. "Chuck" Fleischmann (Republican)Sharice Davids (Democratic)Brad Sherman (Democratic)Henry Cuellar (Democratic)Antonio Delgado (Democratic)Michael T. McCaul (Republican)Joe Neguse (Democratic)Mark E. Amodei (Republican)Donald S. Beyer (Democratic)Mike Bost (Republican)Ron Kind (Democratic)Julia Brownley (Democratic)Debbie Lesko (Republican)Vicky Hartzler (Republican)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Tom Reed (Republican)Deborah K. Ross (Democratic)Seth Moulton (Democratic)Elissa Slotkin (Democratic)Kevin Hern (Republican)Bill Posey (Republican)Suzanne Bonamici (Democratic)Russ Fulcher (Republican)Josh Gottheimer (Democratic)Gwen Moore (Democratic)Tracey Mann (Republican)Bill Johnson (Republican)Gerald E. Connolly (Democratic)Bill Pascrell (Democratic)Bryan Steil (Republican)Fred Keller (Republican)Vern Buchanan (Republican)
Ways and Means Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
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.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
Business expensesIncome tax deductionsResearch and development
American Innovation and R&D Competitiveness Act of 2021
USA117th CongressHR-1304| House
| Updated: 2/24/2021
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.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
John B. Larson
Democratic Representative
Connecticut
Cosponsors (114)
Brenda L. Lawrence (Democratic)Dwight Evans (Democratic)Diana Harshbarger (Republican)David Schweikert (Republican)Steve Chabot (Republican)Tim Ryan (Democratic)Nikema Williams (Democratic)Adrian Smith (Republican)David Kustoff (Republican)Marcy Kaptur (Democratic)Tom O'Halleran (Democratic)Tom Cole (Republican)Frank D. Lucas (Republican)Eric A. "Rick" Crawford (Republican)Marc A. Veasey (Democratic)Jake LaTurner (Republican)Mikie Sherrill (Democratic)Guy Reschenthaler (Republican)Stephanie N. Murphy (Democratic)Alexander X. Mooney (Republican)Lisa Blunt Rochester (Democratic)Steve Womack (Republican)Chrissy Houlahan (Democratic)Gregory F. Murphy (Republican)Darren Soto (Democratic)Warren Davidson (Republican)Derek Kilmer (Democratic)Scott Franklin (Republican)Rick W. Allen (Republican)Van Taylor (Republican)Bill Foster (Democratic)Joe Courtney (Democratic)Darin LaHood (Republican)C. A. Dutch Ruppersberger (Democratic)Pete Aguilar (Democratic)Mike Carey (Republican)Brad R. Wenstrup (Republican)Terri A. Sewell (Democratic)Jackie Walorski (Republican)Steven Horsford (Democratic)Ken Buck (Republican)Jimmy Panetta (Democratic)Dina Titus (Democratic)John R. Curtis (Republican)Melanie A. Stansbury (Democratic)Andy Biggs (Republican)Suzan K. DelBene (Democratic)Jennifer Wexton (Democratic)Jerry L. Carl (Republican)Thomas R. Suozzi (Democratic)Earl L. "Buddy" Carter (Republican)Haley M. Stevens (Democratic)Anthony G. Brown (Democratic)Ann Kirkpatrick (Democratic)Danny K. Davis (Democratic)Lucille Roybal-Allard (Democratic)Ken Calvert (Republican)Daniel T. Kildee (Democratic)Ted Lieu (Democratic)Scott Perry (Republican)David B. McKinley (Republican)Jason Smith (Republican)Lloyd Smucker (Republican)Greg Stanton (Democratic)A. Drew Ferguson (Republican)Ronny Jackson (Republican)Don Bacon (Republican)Brendan F. Boyle (Democratic)Fred Upton (Republican)Carol D. Miller (Republican)Jodey C. Arrington (Republican)Joseph D. Morelle (Democratic)Ann Wagner (Republican)Rodney Davis (Republican)Mike Kelly (Republican)Tom Rice (Republican)Marilyn Strickland (Democratic)John Joyce (Republican)Glenn Grothman (Republican)Ron Estes (Republican)Peter Meijer (Republican)Charles J. "Chuck" Fleischmann (Republican)Sharice Davids (Democratic)Brad Sherman (Democratic)Henry Cuellar (Democratic)Antonio Delgado (Democratic)Michael T. McCaul (Republican)Joe Neguse (Democratic)Mark E. Amodei (Republican)Donald S. Beyer (Democratic)Mike Bost (Republican)Ron Kind (Democratic)Julia Brownley (Democratic)Debbie Lesko (Republican)Vicky Hartzler (Republican)Brian K. Fitzpatrick (Republican)Earl Blumenauer (Democratic)Tom Reed (Republican)Deborah K. Ross (Democratic)Seth Moulton (Democratic)Elissa Slotkin (Democratic)Kevin Hern (Republican)Bill Posey (Republican)Suzanne Bonamici (Democratic)Russ Fulcher (Republican)Josh Gottheimer (Democratic)Gwen Moore (Democratic)Tracey Mann (Republican)Bill Johnson (Republican)Gerald E. Connolly (Democratic)Bill Pascrell (Democratic)Bryan Steil (Republican)Fred Keller (Republican)Vern Buchanan (Republican)
Ways and Means Committee
Taxation
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Business expensesIncome tax deductionsResearch and development