HR 2673 · 118th Congress · Taxation

American Innovation and R&D Competitiveness Act of 2023

Introduced 2023-04-18· Sponsored by Rep. Estes, Ron [R-KS-4]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Sponsor introductory remarks on measure. (CR H1898)(2023-04-20)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (20)

10 Democrats10 Republicans
Rep. Larson, John B. [D-CT-1]CT
Rep. LaHood, Darin [R-IL-16]IL
Rep. DelBene, Suzan K. [D-WA-1]WA
Rep. Arrington, Jodey C. [R-TX-19]TX
Rep. Panetta, Jimmy [D-CA-19]CA
Rep. Buchanan, Vern [R-FL-16]FL
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Smith, Adrian [R-NE-3]NE
Rep. Pascrell, Bill, Jr. [D-NJ-9]NJ
Rep. Kelly, Mike [R-PA-16]PA
Rep. Davis, Danny K. [D-IL-7]IL
Rep. Schweikert, David [R-AZ-1]AZ
Rep. Sewell, Terri A. [D-AL-7]AL
Rep. Wenstrup, Brad R. [R-OH-2]OH
Rep. Kildee, Daniel T. [D-MI-8]MI
Rep. Ferguson, A. Drew, IV [R-GA-3]GA
Rep. Beyer, Donald S., Jr. [D-VA-8]VA
Rep. Smucker, Lloyd [R-PA-11]PA
Rep. Evans, Dwight [D-PA-3]PA
Rep. Hern, Kevin [R-OK-1]OK