H.R.1304: American Innovation and R&D Competitiveness Act of 2021

About This Bill

Bill Cosponsors

113 (52 Democrats, 61 Republicans)

Bill Version

Bill 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.

(Source: Library of Congress)

Bill Actions

Date Description
Feb. 24, 2021
Referred to the House Committee on Ways and Means.
Feb. 24, 2021

Introduced in the House by John B. Larson (D-Conn.)

Close Comment Creative Commons Donate Email Facebook Mobile Phone Podcast Print Google News logo Google_NewsInitiative_Lockup_FullColor RSS Search Search Twitter WhatsApp Resolving differences Check Building Arrow right Info circle Oops OOPS Pencil File text Bars Search Close Cogs Filter Compare Revolving Door Info card Activity Member menu Globe Document External link Quote News Calendar No Vote
Current site Current page