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H.R.1 Sec. 70302. Full expensing of domestic research, experimental expenditures
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- ericpauley 1y agoOf note: Sec. 70302. Full expensing of domestic research and experimental expenditures. This section reverts the ammortization of domestic R&E expenses. Previous discussion: https://news.ycombinator.com/item?id=44226145 https://news.ycombinator.com/item?id=44226145
- edoceo 1y agoThis puts SDEs back as fully expendable in the current tax year? Unwinding the R&D classification?
- electricshampo1 1y agoFrom the pdf of the bill, software is still classified as R&D on page 303 of this bill; the change is that domestic (US) software R&D is no longer forced into a 5yr amortization schedule. Foreign software R&D is still forced to be amortized over a 15 year period; see pages 304,305,306 of the bill.
- jandrewrogers 1y agoThis also appears to keep the 15-year amortization of foreign R&D expenses, which should significantly preference doing R&D in the US.