Latest Action
Referred to the House Committee on Ways and Means.
9/27/2019 • House
Summary
American Innovation and Competitiveness Act of 2019 or the AICA Act of 2019
This bill eliminates the five-year amortization requirement for research and experimental expenditures scheduled to begin in 2022, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.
Introduced in House • 9/27/2019
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Topics & Subjects
Policy Area: Taxation
Business expensesCredit and credit marketsIncome tax deductionsResearch and developmentTax administration and collection, taxpayers
Congressional Votes (0)
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Roll call votes will appear here as the bill moves through Congress
Related Federal Spending
Sponsor & Cosponsors (36)
Party Breakdown
18
Democrats
18
Republicans
0
Independents
Sponsor
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Cosponsors (35)
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Bill Journey
Originated in the House
Introduced
September 27, 2019
Referred to the House Committee on Ways and Means.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
Introduced in House9/27/2019