| Bill | HR 1304 |
|---|---|
| Type of Legislation | House Bill |
| Congress | 117 |
| Status | Archived — 117th Congress concluded |
| Source | View original on Congress.gov |
Geographic Scope
National
Description
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 Title
American Innovation and R&D Competitiveness Act of 2021
Linked Goals
Steps
- 2021-02-24: Referred to the House Committee on Ways and Means.
- 2021-02-24: Introduced in House
- 2021-02-24: Introduced in House
Projected Outcome
A more informed proposal or public response aligned with the Promote General Welfare goal.