HR 4549
AICA Act of 2019
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
The American Innovation and Competitiveness Act of 2019 (AICA) modifies the tax code to allow businesses to immediately deduct research and experimental expenditures rather than amortizing them over time. Previously, these expenditures had to be spread out over five years. This change aims to encourage investment in research and development by making it more attractive for companies to immediately write off these costs, boosting innovation and competitiveness. The bill also clarifies certain rules related to these deductions and credits.
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Primary sponsor
Cosponsors
Bobby L. Rush
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