It permanently changes Section 174 to allow full expensing of domestic software development once again, and makes that change retroactive in many cases.
It still requires 15-year depreciation of non-domestic software development expenses, so this will significantly advantage American software developers.
It permanently changes Section 174 to allow full expensing of domestic software development once again, and makes that change retroactive in many cases.
It still requires 15-year depreciation of non-domestic software development expenses, so this will significantly advantage American software developers.