American Innovation and R&D Competitiveness Act of 2021
Summary
American Innovation and R&D Competitiveness Act of 2021 This bill eliminates the five-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, 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
Feb 2021
Committee Review
Floor Vote
President
Introduced Feb 24, 2021
Last action Feb 24, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Feb 24, 2021
Committee
Referred to the House Committee on Ways and Means.
lower
Feb 24, 2021
Introduced
Introduced in House
lower
1 primary · 114 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
John B. Larson
DDemocratic
Co
A. Drew Ferguson IV
RRepublican
Co
Adrian Smith
RRepublican
Co
Alexander X. Mooney
RRepublican
Co
Andy Biggs
RRepublican
Co
Ann Kirkpatrick
DDemocratic
Co
Ann Wagner
RRepublican
Co
Anthony G. Brown
DDemocratic
Co
Antonio Delgado
DDemocratic
Co
Bill Foster
DDemocratic
Co
Bill Johnson
RRepublican
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