American Innovation and R&D Competitiveness Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 82
- Latest action
- Mar 10, 2025
What it does
The bill would amend the Internal Revenue Code to restore the ability for businesses to deduct research and experimental expenditures as current expenses rather than requiring them to be capitalized and amortized over time. It allows taxpayers to either deduct these costs immediately or elect to amortize them over a period of at least 60 months, with rules governing when and how such elections can be made. The changes would apply to taxable years beginning after December 31, 2021, and include conforming amendments to related provisions, such as the research credit, to prevent double benefits. The bill affects businesses engaged in research and development activities by reinstating a more…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.