On the recordMarch 16, 2023
The 2017 Tax Cuts and Jobs Act requires that R&D costs be capitalized and amortized over 5 years for domestic costs.
Said by
Benjamin L. Cardin
Source
congress.govThe 2017 Tax Cuts and Jobs Act requires that R&D costs be capitalized and amortized over 5 years for domestic costs.
Cardin highlights the negative impact of the TCJA on small businesses' R&D expenses.
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