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- H.R.1304
H.R.1304: American Innovation and R&D Competitiveness Act of 2021
About This Bill
- Introduced Feb. 24, 2021
- Latest Major Action Feb. 24, 2021
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
113 (52 Democrats, 61 Republicans)
Bill Version
- Introduced in House - Feb. 24, 2021
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.) |