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.
| Action Date | Type | Text | Source |
|---|---|---|---|
| 2021-02-24 | IntroReferral | Referred to the House Committee on Ways and Means. | House floor actions |
| 2021-02-24 | IntroReferral | Introduced in House | Library of Congress |