House bill HR1304-117

Ways and Means Committee

American Innovation and R&D Competitiveness Act of 2021

• Last activity on Feb 24, 2021

• Introduced Feb 24, 2021

• By Rep. Larson, John B. [D-CT-1]

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Main Subject: Taxation

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.

S749-117, HR4792-117,

House floor actions Actions

IntroReferral
Feb. 24 2021	Referred to the House Committee on Ways and Means.

Library of Congress Actions

IntroReferral
Feb. 24 2021	Introduced in House Introduced in House

House bill HR1304-117

American Innovation and R&D Competitiveness Act of 2021

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