House Resolution 2673 is a single-issue bill that would eliminate the five-year amortization requirement for research and experimental expenditures, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred. Click the button below to read the bill and check the list of co-sponsors. If you notice that your Representatives are not co-sponsors, we suggest you contact their office to express your concern and to strongly encourage them to join as a co-sponsor.

Senate Bill 866 revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses. If you notice that your Senator is not a co-sponsor, we suggest you contact their office to express your concern and to strongly encourage them to join as a co-sponsor.