HR 2673 United States House · 118th Congress

American Innovation and R&D Competitiveness Act of 2023

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Apr 2023

Committee Review

Floor Vote

President

Introduced Apr 18, 2023 Last action Apr 20, 2023

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

3

Key actions

0

Committee

1

Apr 18, 2023

Committee

Referred to the House Committee on Ways and Means.

lower

Apr 18, 2023

Introduced

Introduced in House

lower

1 primary · 223 co-sponsors

Sponsors

Role

Legislator

Party

State

District

A. Drew Ferguson IV

Alexander X. Mooney

Andrew R. Garbarino