Businesses would again get immediate tax breaks for money spent on research and development.
This bill would let businesses immediately deduct the money they spend on research and development from their taxes. Currently, businesses must spread these deductions out over several years. This change would apply to tax years starting after December 31, 2021.
Today, businesses must spread out their research and development tax deductions over several years. If this bill becomes law, businesses would be able to deduct these costs immediately in the year they spend the money. This change would apply to tax years starting after December 31, 2021.
HR 1990 · 119th Congress · March 10, 2025 · AI Summary by gemini-2.5-flash · 9/10
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61 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.