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BioWorld - Sunday, November 16, 2025
See today's BioWorld MedTechSee today's BioWorld
Home » Massive budget reconciliation bill restores deductibility of R&D expenses
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Massive budget reconciliation bill restores deductibility of R&D expenses

July 7, 2025
By Mark McCarty
President Donald Trump signed House Resolution 1, the final version of which does not impose a moratorium on state legislation governing the use of AI. The bill does, however, restore the full deductibility of research and development expenses, which will be retroactive to 2022 for businesses that gross $31 million or less per year.
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