Summary: H.R.1304 — 117th Congress (2021-2022)All Information (Except Text)

There is one summary for H.R.1304. Bill summaries are authored by CRS.

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Introduced in House (02/24/2021)

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.