Summary: H.R.4549 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.4549. Bill summaries are authored by CRS.

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Introduced in House (09/27/2019)

American Innovation and Competitiveness Act of 2019 or the AICA Act of 2019

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.