H.R.1 Sec. 70302. Full expensing of domestic research, experimental expenditures

https://www.congress.gov/bill/119th-congress/house-bill/1/text#:~:text=SEC.%2070302.%20FULL%20EXPENSING%20OF%20DOMESTIC%20RESEARCH%20AND%20EXPERIMENTAL%20%0A%20%20%20%20%20%20%20%20%20%20%20%20%20%20EXPENDITURES.%0A%0A%20%20%20%20(a)%20In%20General.%2D%2DPart%20VI%20of%20subchapter%20B%20of%20chapter%201%20is%20amended%20by%20%0Ainserting%20after%20section%20174%20the%20following%20new%20section%3A

by ericpauley • 1 year ago

14 4 1 year ago

congress.gov

ericpauley• 1 year ago

Of note: Sec. 70302. Full expensing of domestic research and experimental expenditures.

This section reverts the ammortization of domestic R&E expenses.

Previous discussion: https://news.ycombinator.com/item?id=44226145

edoceo• 1 year ago

This puts SDEs back as fully expendable in the current tax year? Unwinding the R&D classification?

electricshampo1• 1 year ago

From the pdf of the bill, software is still classified as R&D on page 303 of this bill; the change is that domestic (US) software R&D is no longer forced into a 5yr amortization schedule.

Foreign software R&D is still forced to be amortized over a 15 year period; see pages 304,305,306 of the bill.

jandrewrogers• 1 year ago

This also appears to keep the 15-year amortization of foreign R&D expenses, which should significantly preference doing R&D in the US.

H.R.1 Sec. 70302. Full expensing of domestic research, experimental expenditures

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