Update on Senate Vote for 174 Tax Bill

The R&D tax credit and deduction are crucial for SMBs, driving innovation, employment, and growth. Unfortunately, the 2017 Tax Cuts and Jobs Act introduced amortization for Section 174 expenses, adversely affecting SMBs dependent on these refunds for research and operational improvements.

A bipartisan bill to amend Section 174 remains pending in the Senate, causing widespread uncertainty. In this video, former Senior Counsel to the Senate Finance Committee Dean Zerbe and former Congressman Rick Lazio give their updated timeline on the Senate vote.