The One, Big, Beautiful Bill would provide one, big, beautiful deduction for R&D expenditures
The “One, Big, Beautiful Bill" promises to provide one big deduction for R&D expenditures. Section 111002 aims to provide immediate relief for businesses engaged in research and development activities within the United States. This marks the most promising proposal to walk back the R&D expenditure amortization requirements since they went into effect in 2022....