House Bill 2673
118th Congress(2023-2024)
American Innovation and R&D Competitiveness Act of 2023
Introduced
Introduced in House on Apr 18, 2023
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
2673
Congress
118
Policy Area
Taxation
Taxation
Primary focus of measure is all aspects of income, excise, property, inheritance, and employment taxes; tax administration and collection. Measures concerning state and local finance may fall under Economics and Public Finance policy area.
No House votes have been held for this bill.
Summary
American Innovation and R&D Competitiveness Act of 2023
This bill eliminates the five-year amortization requirement for research and experimental expenditures, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.
April 18, 2023
Sort by most recent
04/20/2023
Sponsor introductory remarks on measure. (CR H1898)
04/18/2023
Referred to the House Committee on Ways and Means.
04/18/2023
Introduced in House
Public Record
Record Updated
Jun 24, 2024 5:48:03 PM