To amend the Internal Revenue Code of 1986 to permanently allow a tax deduction at the time an investment in qualified property is made, and for other purposes.
Summary
What This Bill Does
The bill requires neutral cost recovery depreciation adjustment for residential rental property and nonresidential real property Section 168 of the Internal Revenue Code of 1986 is amended by adding at the end thereof, creates elimination of amortization of research and experimental expenditures Section 174 of the Internal Revenue Code of 1986 is amended to read as follows: A taxpayer may treat research or experimental expenditures, and requires research and experimental expenditures A taxpayer may treat research or experimental expenditures which are paid or incurred by him during the taxable year in connection with his trade or business as expenses. It relies on compliance mandates, definition changes, tax deductions, and product standards. The main policy areas are Business, Housing, Finance, and Energy.
Who Benefits and How
Lobbyists, political organizations, and disclosure users affected by the bill could face lower compliance burdens, Homeowners, tenants, or housing market participants affected by the bill could face lower compliance burdens, and Oil and gas producers, refiners, or users affected by the bill could face lower compliance burdens.
Who Bears the Burden and How
Federal, state, or local agencies responsible for implementing the clause would take on compliance duties and Public beneficiaries or protected communities affected by the clause could face increased risk.
Key Provisions
- Requires neutral cost recovery depreciation adjustment for residential rental property and nonresidential real property Section 168 of the Internal Revenue Code of 1986 is amended by adding at the end thereof...
- Creates elimination of amortization of research and experimental expenditures Section 174 of the Internal Revenue Code of 1986 is amended to read as follows: A taxpayer may treat research or experimental expenditures...
- Requires research and experimental expenditures A taxpayer may treat research or experimental expenditures which are paid or incurred by him during the taxable year in connection with his trade or business as expenses...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
The bill requires neutral cost recovery depreciation adjustment for residential rental property and nonresidential real property Section 168 of the Internal Revenue Code of 1986 is amended by adding at the end thereof, creates elimination of amortization of research and experimental expenditures Section 174 of the Internal Revenue Code of 1986 is amended to read as follows: A taxpayer may treat research or experimental expenditures, and requires research and experimental expenditures A taxpayer may treat research or experimental expenditures which are paid or incurred by him during the taxable year in connection with his trade or business as expenses.
Key Policy Areas
Business, Housing, Finance, Energy
Primary Purpose
The bill requires neutral cost recovery depreciation adjustment for residential rental property and nonresidential real property Section 168 of the Internal Revenue Code of 1986 is amended by adding at the end thereof, creates elimination of amortization of research and experimental expenditures Section 174 of the Internal Revenue Code of 1986 is amended to read as follows: A taxpayer may treat research or experimental expenditures, and requires research and experimental expenditures A taxpayer may treat research or experimental expenditures which are paid or incurred by him during the taxable year in connection with his trade or business as expenses.
Policy Domains
Whole bill
Identified Gains
- Lobbyists, political organizations, and disclosure users affected by the bill
- Homeowners, tenants, or housing market participants affected by the bill
- Oil and gas producers, refiners, or users affected by the bill
- Businesses and employers affected by the bill
Identified Costs
- Federal, state, or local agencies responsible for implementing the clause
- Public beneficiaries or protected communities affected by the clause
Sponsors
Legislative Progress
IntroducedMr. Cruz introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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