CREATE JOBS Act

This bill would change the tax code so businesses can deduct the full cost of certain new investments right away, instead of spreading the cost over many years. It also addresses research and experimental costs under Section 174. The goal is to make “full expensing” permanent, so companies can write off qualified property at the time they buy it, and get a clearer, faster tax benefit for their R&D work .

In everyday terms, this could lower the tax bill for companies that buy equipment, machines, or other qualifying property, and for those spending on research. That may free up cash to hire, expand, or develop new products more quickly .

• Who is affected: Businesses that invest in qualified property and spend on research and experimentation
• What changes: Allows an immediate tax deduction when the investment is made; addresses treatment of research and experimental expenses under Section 174; intends these changes to be permanent
• When: The text describes a permanent allowance; specific start date is not provided in the excerpt