Businesses would get bigger tax breaks for investments and research costs.
This bill would let businesses immediately deduct the full cost of certain investments and research expenses. It would also give owners of rental and commercial properties larger tax write-offs over time, adjusted for inflation. These changes aim to lower immediate tax bills for many businesses.
Today, businesses can deduct a shrinking percentage of qualified property costs over time, must spread out research expenses over several years, and use fixed depreciation schedules for real estate. If this bill becomes law, businesses would permanently deduct 100% of qualified property costs, immediately expense all research costs, and use inflation-adjusted depreciation for real estate.
S 2056 · 119th Congress · June 12, 2025 · AI Summary by gemini-2.5-flash · 10/10
Sign in to see your representatives' phone numbers