3.0.0 4549 2022-11-01T13:49:45Z 2022-11-01T13:49:45Z House HR 2019-09-27 116 [Congressional Record Volume 165, Number 157 (Friday, September 27, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. LARSON of Connecticut:H.R. 4549.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clause 1[Page H8081]]]> hswm00 Ways and Means Committee House Standing Referred to 2019-09-27T13:02:40Z American Innovation and Jobs Act 116 4822 S 2020-10-20 Read twice and referred to the Committee on Finance. Related bill CRS 2019-09-27 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2019-09-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-09-27 Introduced in House IntroReferral 1000 9 Library of Congress L000557 Rep. Larson, John B. [D-CT-1] JOHN LARSON D CT B. 1 N E000298 Rep. Estes, Ron [R-KS-4] Ron Estes R KS 4 2019-09-27 True K000376 Rep. Kelly, Mike [R-PA-16] Mike Kelly R PA 16 2020-02-21 False P000613 Rep. Panetta, Jimmy [D-CA-20] Jimmy Panetta D CA 20 2020-02-21 False S001195 Rep. Smith, Jason [R-MO-8] Jason Smith R MO 8 2020-02-25 False P000615 Rep. Pence, Greg [R-IN-6] Greg Pence R IN 6 2020-02-28 False O000168 Rep. Olson, Pete [R-TX-22] Pete Olson R TX 22 2020-03-04 False R000585 Rep. Reed, Tom [R-NY-23] Tom Reed R NY 23 2020-03-09 False D000096 Rep. Davis, Danny K. [D-IL-7] DANNY DAVIS D IL K. 7 2020-03-09 False S001156 Rep. Sánchez, Linda T. [D-CA-38] Linda Sánchez D CA T. 38 2020-03-13 False B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2020-05-01 False W000813 Rep. Walorski, Jackie [R-IN-2] Jackie Walorski R IN 2 2020-05-12 False L000585 Rep. LaHood, Darin [R-IL-18] Darin LaHood R IL 18 2020-05-12 False S001185 Rep. Sewell, Terri A. [D-AL-7] Terri Sewell D AL A. 7 2020-05-12 False A000375 Rep. Arrington, Jodey C. [R-TX-19] Jodey Arrington R TX C. 19 2020-05-12 False K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 2020-05-12 False R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 2020-05-22 False C001114 Rep. Curtis, John R. [R-UT-3] John Curtis R UT R. 3 2020-06-01 False H001065 Rep. Holding, George [R-NC-2] George Holding R NC 2 2020-06-01 False D000617 Rep. DelBene, Suzan K. [D-WA-1] Suzan DelBene D WA K. 1 2020-06-08 False R000616 Rep. Rouda, Harley [D-CA-48] Harley Rouda D CA 48 2020-06-25 False B001297 Rep. Buck, Ken [R-CO-4] Ken Buck R CO 4 2020-06-25 False F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2020-06-25 False B001296 Rep. Boyle, Brendan F. [D-PA-2] Brendan Boyle D PA F. 2 2020-06-25 False B001302 Rep. Biggs, Andy [R-AZ-5] Andy Biggs R AZ 5 2020-07-09 False S001201 Rep. Suozzi, Thomas R. [D-NY-3] Thomas Suozzi D NY R. 3 2020-07-09 False M001205 Rep. Miller, Carol D. [R-WV-3] Carol Miller R WV D. 3 2020-07-22 False M001206 Rep. Morelle, Joseph D. [D-NY-25] Joseph Morelle D NY D. 25 2020-07-27 False T000193 Rep. Thompson, Bennie G. [D-MS-2] BENNIE THOMPSON D MS 2 2020-07-31 False W000815 Rep. Wenstrup, Brad R. [R-OH-2] Brad Wenstrup R OH R. 2 2020-07-31 False F000454 Rep. Foster, Bill [D-IL-11] Bill Foster D IL 11 2020-08-07 False H001053 Rep. Hartzler, Vicky [R-MO-4] Vicky Hartzler R MO 4 2020-08-07 False H001082 Rep. Hern, Kevin [R-OK-1] Kevin Hern R OK 1 2020-09-16 False R000515 Rep. Rush, Bobby L. [D-IL-1] BOBBY RUSH D IL L. 1 2020-09-29 False S001207 Rep. Sherrill, Mikie [D-NJ-11] Mikie Sherrill D NJ 11 2020-09-30 False B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 2020-09-30 False Taxation Business expenses Credit and credit markets Income tax deductions Research and development Tax administration and collection, taxpayers Taxation 00 2019-09-27 Introduced in House 2019-10-16T16:12:35Z 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.

]]> AICA Act of 2019 Display Title AICA Act of 2019 Official Title as Introduced To amend the Internal Revenue Code of 1986 to restore the deduction for research and experimental expenditures. Introduced in House IH Short Title(s) as Introduced AICA Act of 2019 Introduced in House IH Short Title(s) as Introduced American Innovation and Competitiveness Act of 2019 Introduced in House IH Introduced in House 2019-09-27T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr4549ih/xml/BILLS-116hr4549ih.xml 2019-09-27 Referred to the House Committee on Ways and Means. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.