Statement by ACT | The App Association President Morgan Reed on Restoration of Immediate Tax Deductibility of R&D Expenses for Five Years

Statement by ACT | The App Association President Morgan Reed on Restoration of Immediate Tax Deductibility of R&D Expenses for Five Years

WASHINGTON, D.C. – The immediate tax deductibility of research and development (R&D) investments is a vital incentive driving small business innovation across the digital economy. “We commend Chairman Smith and the U.S House Ways and Means Committee for taking action to restore immediate expensing of R&D investments for five years,” said ACT | The App Association President Morgan Reed. “This is a good first step to restoring this critical incent…