Press Release: CEBN Applauds House Passage of Tax Deal, Strong Bipartisan Support for Restoring R&D Tax Deduction
Lynn Abramson, President of the Clean Energy Business Network, provided a statement after the House of Representatives passed the Tax Relief for American Families and Workers Act. This legislation includes a retroactive restoration to Section 174 allowing for immediate expensing on domestic R&D expenses incurred from 2022-2025.