Bill117th CongressFiled Feb 24, 2021Taxation
H.R. 1304
American Innovation and R&D Competitiveness Act of 2021
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Feb 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.
What just happenedFeb 24, 2021
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Larson, John B. [D-CT-1](D-CT)Sponsor
114 cosponsors53 D61 R
114cosponsors1committees3actions2related bills3subjects
- Introduced in HouseFeb 24, 2021
- Feb 24, 2021IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Feb 24, 2021IntroReferralIntro-H
Introduced in House
- Feb 24, 2021IntroReferral1000
Introduced in House