American Innovation and R&D Competitiveness Act of 2023

United States118th CongressHR-2673House of Representatives
Updated: Apr 20, 2023

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.

Bill texts

Available versions
Introduced (House)View official text

1 version available

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Timeline

  1. Introduced in House

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

    House of Representatives

  3. Sponsor introductory remarks on measure. (CR H1898)

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