Tax Changes Raise R&D Costs


A recent change in federal law requires companies to amortize or deduct R&D expenses over a period of five years — instead of deducting expenses the same year in which they incurred the expense. The U.S. is one of only two developed countries requiring amortization, according to the National Association of Manufacturers, which has published this real-world example of the policy’s harmful effects. Visit the NAM’s R&D Action Center to communicate with your federal representatives. 12/13/2022