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Congressional Research Service Issues In Focus White Paper on How "Tax Cuts & Jobs Act" Changed Cost Recovery & Tax Credit for Research
November 13, 2024
WASHINGTON, Nov. 13 (TNSrep) -- The Congressional Research Service issued the following In Focus white paper (No. IF12815) on Nov. 12, 2024, by economic policy senior specialist Jane G. Gravelle and economics specialist Mark P. Keightley.

Here are excerpts:

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How the "Tax Cuts and Jobs Act" (TCJA, P.L. 115-97) Changed Cost Recovery and the Tax Credit for Research

Tax benefits for investments in research and development are of long . . .

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