House Passes Tax Legislation, Sending it to Senate
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The House of Representatives passed the Tax Relief for American Families and Workers Act (H.R. 7024) by a margin of 357-70. The bill allows for the immediate expensing of research and experimentation expenditures, reinstates the less restrictive “EBIT” cap on interest expense deductions, and restores 100-percent bonus depreciation, which is set to expire. ACCA members can read more here.
Director of Government Relations & Advocacy at Air Conditioning contractors of America
Chris Czarnecki is ACCA's Director of Government Relations & Advocacy.
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