OrbitaxUnited States Congressional Research Service Provides Overview of TCJA Changes to Cost Recovery and Tax Credit for Research
|Approved Changes|United States
The U.S. Congressional Research Services (CRS) has published a new "In Focus" report dated 13 November 2024 on How the "Tax Cuts and Jobs Act" (TCJA, P.L. 115-97) Changed Cost Recovery and the Tax Credit for Research.
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How the "Tax Cuts and Jobs Act" (TCJA, P.L. 115-97) Changed Cost Recovery and the Tax Credit for Research
Tax benefits for investments in research and development are of long-standing interest to Congress and the business community. The 2017 tax cut, commonly referred t…