summary
Introduced
03/10/2025
03/10/2025
In Committee
03/10/2025
03/10/2025
Crossed Over
Passed
Dead
Introduced Session
119th Congress
Bill Summary
A BILL To amend the Internal Revenue Code of 1986 to restore the deduction for research and experimental expenditures.
AI Summary
This bill aims to restore and modify the tax treatment of research and experimental (R&E) expenditures for businesses by amending Section 174 of the Internal Revenue Code. Specifically, the bill allows taxpayers to treat R&E expenses paid or incurred during a taxable year in connection with their trade or business as deductible expenses that are not chargeable to capital account. Businesses can choose to adopt this method without Secretary consent for their first taxable year or with Secretary consent in subsequent years. The bill also provides an alternative option for businesses to amortize R&E expenditures that are not immediately expensed, allowing them to spread these costs over a period of at least 60 months, beginning in the month when the taxpayer first realizes benefits from the expenditures. The legislation includes provisions that limit the deduction to reasonable research expenditures and exclude certain types of expenses, such as land acquisition or mineral exploration costs. The bill's changes will apply to taxable years beginning after December 31, 2021, and includes conforming amendments to related sections of the tax code to ensure consistent treatment of research and experimental expenditures.
Committee Categories
Budget and Finance
Sponsors (82)
Ron Estes (R)*,
Gabe Amo (D),
Jodey Arrington (R),
Jake Auchincloss (D),
Andy Barr (R),
Aaron Bean (R),
Joyce Beatty (D),
Don Beyer (D),
Suzanne Bonamici (D),
Julia Brownley (D),
Vern Buchanan (R),
Salud Carbajal (D),
Mike Carey (R),
Buddy Carter (R),
Emanuel Cleaver (D),
Gerry Connolly (D),
Joe Courtney (D),
Angie Craig (D),
Sharice Davids (D),
Don Davis (D),
Suzan DelBene (D),
Chuck Edwards (R),
Randy Feenstra (R),
Michelle Fischbach (R),
Brian Fitzpatrick (R),
Valerie Foushee (D),
John Garamendi (D),
Josh Gottheimer (D),
Josh Harder (D),
Pat Harrigan (R),
Diana Harshbarger (R),
Kevin Hern (R),
Ashley Hinson (R),
Steven Horsford (D),
Chrissy Houlahan (D),
Bill Huizenga (R),
Sara Jacobs (D),
John Joyce (R),
Mike Kelly (R),
Ro Khanna (D),
Kevin Kiley (R),
Raja Krishnamoorthi (D),
David Kustoff (R),
Darin LaHood (R),
Nick LaLota (R),
John Larson (D),
Ted Lieu (D),
Nicole Malliotakis (R),
Tracey Mann (R),
Jenn McClellan (D),
Richard McCormick (R),
Dan Meuser (R),
Carol Miller (R),
Max Miller (R),
John Moolenaar (R),
Blake Moore (R),
Nathaniel Moran (R),
Joe Morelle (D),
Seth Moulton (D),
Frank Mrvan (D),
Kevin Mullin (D),
Greg Murphy (R),
Joe Neguse (D),
Jimmy Panetta (D),
Chris Pappas (D),
Brittany Pettersen (D),
Michael Rulli (R),
Hillary Scholten (D),
Kim Schrier (D),
David Schweikert (R),
Terri Sewell (D),
Adrian Smith (R),
Lloyd Smucker (R),
Greg Steube (R),
Tom Suozzi (D),
Eric Swalwell (D),
Claudia Tenney (R),
Dina Titus (D),
Jeff Van Drew (R),
Beth Van Duyne (R),
Gabe Vasquez (D),
Rudy Yakym (R),
Last Action
Referred to the House Committee on Ways and Means. (on 03/10/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/119th-congress/house-bill/1990/all-info |
| BillText | https://www.congress.gov/119/bills/hr1990/BILLS-119hr1990ih.pdf |
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