Senators Reintroduce Bill Restoring and Expanding R&D Break
Sens. Maggie Hassan (D-N.H.) and Todd Young (R-Ind.) revived an effort from last Congress to reverse a change to the research and development tax credit and expand it to apply to more startups and small businesses. The reintroduced bill would roll back a provision of the 2017 tax law that, starting in 2022, requires companies to amortize their R&D costs over five years rather than the year they are incurred.