H.R. 2673 · 118th Congress · 2023–2024
American Innovation and R&D Competitiveness Act of 2023
H.R. 2673 in the 118th Congress (2023–2024) was introduced on Apr 18, 2023, sponsored by Ron Estes with 223 co-sponsors.
During the 118th Congress (2023–2024), Joe Biden was president, and Republicans held the House majority and Democrats the Senate majority.
- Status
- Introduced
- Introduced
- Apr 18, 2023
- Co-sponsors
- 223
- Policy area
- Taxation
What it does
American Innovation and R&D Competitiveness Act of 2023 This bill eliminates the five-year amortization requirement for research and experimental expenditures, thus allowing continued expensing of such expenditures in the taxable years in which they are incurred.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Ron Estes (R-KS). Co-sponsors: 105 Democrats, 118 Republicans.
Where it stands
- IntroducedApr 18, 2023
- Passed the House—
- Passed the Senate—
- Sent to the President—
- Became law—
Latest action: Sponsor introductory remarks on measure. (CR H1898) (Apr 20, 2023)
Other Taxation bills in the 118th Congress
- H.R. 1432: VETT Act
- H.R. 5863: Federal Disaster Tax Relief Act of 2023
- H.R. 3797: Paperwork Burden Reduction Act
- H.R. 3801: Employer Reporting Improvement Act
- H.R. 190: Saving Gig Economy Taxpayers Act
- H.R. 329: American Workforce Empowerment Act
- H.R. 531: Educational Choice for Children Act
- S. 596: Military Spouse Hiring Act
- H.R. 700: Supply Chain Disruptions Relief Act
- H.R. 812: Inflation Reduction Act of 2023
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “H.R. 2673 (118th Congress): American Innovation and R&D…,” https://www.capitolreceipts.com/bill/118-hr-2673/american-innovation-and-r-and-d-competitiveness-act-of (accessed 2026-10-17).