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Committee backs bill letting Missouri businesses deduct R&D costs up front
Summary
A House committee voted to give House Bill 136 a do-pass recommendation after members discussed decoupling Missouri tax treatment of research-and-development expenses from federal amortization rules so firms could immediately deduct the full cost on their state return to aid cash flow.
A House committee voted to give House Bill 136 a do-pass recommendation after a short discussion of how the measure would change state tax treatment of research and development costs.
Representative (mover) said the bill would decouple Missouri’s treatment from federal rules so businesses could deduct the full R&D expenditure on their Missouri return rather than amortizing it over five years. “What it is is ordinarily research and development is 5 years. What it will do is it will decouple the the…
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