Domestic research costs may be deducted in the year they are paid
To provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70302, Sec. 70302.
Written by .
Domestic research costs may be deducted in the year they are paid
The document says “shall”Who acts: Secretary of the TreasuryHow: statuteSec. 70302 in the PDF
What the document says
“Notwithstanding section 263, there shall be allowed as a deduction any domestic research or experimental expenditures which are paid or incurred by the taxpayer during the taxable year.”
The section adds a new section 174A to part VI of subchapter B of chapter 1 of the Internal Revenue Code of 1986 allowing a deduction, notwithstanding section 263, for domestic research or experimental expenditures paid or incurred in the taxable year.
What the document actually says
“Notwithstanding section 263, there shall be allowed as a deduction any domestic research or experimental expenditures which are paid or incurred by the taxpayer during the taxable year.”
That sentence, in plain words
Home research costs may be deducted. That is for the year they are paid or run up. One other rule is set aside to allow it.
What this is about
A deduction lowers the income that is taxed. Taking it at once beats spreading it out. The rule set aside is in the tax code.
No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.
Provide for reconciliation pursuant to title II of H. Con. Res. 14, Public Law 119-21, sec. 70302, 139 Stat. 190 (2025). https://www.govinfo.gov/content/pkg/PLAW-119publ21/html/PLAW-119publ21.htm
This page
“Domestic research costs may be deducted in the year they are paid,” Provide for reconciliation pursuant to title II of H. Con. Res. 14, section 70302, Sec. 70302. Read the Mandate, https://readthemandate.org/pl-119-21/proposal/sec70302-deduction/ (retrieved August 26, 2026).
Cite the document when the claim is about what the document says. Cite this page when the indexing, the wording or the record of what has happened is what is being relied on.
How to Read This Page
The quotation is the document's own words, exactly as printed, and we check the page
number against the Act itself before publishing. The paragraph underneath is our summary,
not the document's words. So is the plain English version, which is why it sits beside the
quotation rather than replacing it.
