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ACEC and a coalition of business allies urged Congress to take immediate action to support innovation and fix the R&D amortization requirement. Starting in 2022, engineering firms and other innovators could no longer deduct R&D expenses when they occurred and must now deduct them over five years. More than 1300 trade associations and companies from a wide range of industries signed the coalition letter asking Congress to reverse the change in how R&D is taxed before the end of the year.

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Advocacy, Tax & Innovation Policy


November 2, 2023

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