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337 points tareqak | 1 comments | 05 Jul 25 00:24 UTC | HN request time: 0.453s | source

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tareqak ◴[05 Jul 25 00:36 UTC] No.44469188[source]▶

> Foreign R&D must still be amortized over 15 years

macinjosh ◴[05 Jul 25 00:46 UTC] No.44469232[source]▶

Awesome, this literally could not be better for American tech workers.

beebmam ◴[05 Jul 25 00:54 UTC] No.44469263[source]▶

There's also H-1B (and other worker visa) restrictions/costs imposed. Overall, quite good for the American tech worker

1. throwaway7783 ◴[05 Jul 25 01:04 UTC] No.44469313[source]▶

I don't see anything supporting this in the text of OBBB, nor in the definition of domestic research expense (https://www.irs.gov/pub/irs-regs/research_credit_basic_sec41...). Where did you see this?

Edit: Oh you mean costs in general, not in the context of section 147

OBBB signed: Reinstates immediate expensing for U.S.-based R&D