The Senate version confirms what many hoped for: a full suspension of R&D amortization. Notably, the provision also includes retroactive application—a significant detail for companies that have already begun planning under the amortization rules. This would allow for immediate expensing of R&D costs, easing financial burdens and encouraging near-term innovation investments.
The nonprofit sector faces renewed complexity.
Senator Mike Crapo calls this a bill that prevents “an over-$4 trillion tax hike,” aligning it with efforts to solidify Trump-era tax cuts. Meanwhile, Democratic leadership frames the bill as deepening inequality and threatening essential public funding.
And yet, July 4th remains a target date—still floated by some, but doubted by others—as the legislative window narrows. With procedural hurdles ahead and sharp partisan contrasts, ABGi will continue to monitor what’s happening and keep you informed.
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At ABGi, we’re a team of passionate experts dedicated to helping companies unlock the full potential of tax incentives. With deep knowledge in areas like the Research & Development (R&D) Tax Credit, Section 179D Energy-Efficient Deduction, Cost Segregation, and Talent Solutions, we provide strategic guidance that delivers measurable value.
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