Proposed R&D Tax Reform: A Critical Boost for U.S. Innovation
A new legislative push in Congress could reshape how businesses account for research and development (R&D) expenses. On March 10, 2025, a bipartisan group of lawmakers introduced the American Innovation and R&D Competitiveness Act. If enacted, this bill would undo a key provision of the 2017 Tax Cuts and Jobs Act (TCJA) that forced businesses … Read more
