ACEC Member Action is Needed: Urge Lawmakers to Cosponsor Legislation that Will Repeal R&D Amortization

Advocacy

April 21, 2023

ACEC Member Action is Needed: Urge Lawmakers to Cosponsor Legislation that Will Repeal R&D Amortization

We’re seeing movement in Congress on the five-year R&D amortization requirement and have launched a new grassroots push in support of repeal.  Please share this information with your members and encourage them to contact their Members of Congress.

Yesterday Congressmen Ron Estes (R-KS) and John Larson (D-CT) introduced H.R. 2673 to repeal R&D amortization, joining S. 866 introduced in March by Senators Maggie Hassan (D-NH) and Todd Young (R-IN).  The House bill has a bipartisan group of 65 cosponsors, including 28 members of the tax-writing Ways and Means Committee, which sends a strong message of support for repeal right out of the gate.  The Senate bill currently has an equally strong bipartisan group of 22 cosponsors. 

As we’ve discussed, ACEC and our coalition allies worked hard to resolve this problem late last year, but the fix was caught up in a larger debate over business tax relief and family tax relief in the form of an expanded child tax credit.  We launched a grassroots effort in January in support of repeal and are now re-launching it to build up the list of cosponsors for both bills.  Our goal is to get a majority of the House and Senate on record in favor of repeal to set the stage for passage.

Members can access ACEC’s Action Alert Center to ask their lawmakers to support this critical legislation.  Even if they contacted their House and Senate members earlier this year, we need them to reach out once again and ask them to cosponsor H.R. 2673 and S. 866.

Questions?  Please contact Katharine Mottley.

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