The cowtown start-up scene shares one of their pet issues and we wanted to feature this report if only because it's one of the rare instances when the local news cartel has something nice to say about MAGA.
Here's the word . . .
KC Tech Council has supported reforming the expensing rule for years, once the long-term impact of previous tax alterations became clear to tech advocacy organizations, Lowe said.
“In 2017, a legislative change to the tax code allowed for companies to immediately deduct R&D expenses in the same year they were incurred,” she explained. “That change expired a couple years back, meaning that companies had to wait for R&D expenses to be deducted by amortizing over a period of years.”
“This makes it very difficult for companies to access the savings created under the previous structure, creating cash flow problems and disincentivizing R&D expenses, stifling innovation,” Lowe continued. “Together with our federal advocacy partners, we’ve been working to reinstate full deduction of R&D expenses since the expiration.”
Read more via www.TonysKansasCity.com link . . .
KC Tech Council celebrates tax fix in Trump's 'One Big Beautiful Bill' that boosts growing businesses - Startland News
A tax fix included in the recently signed "One Big Beautiful Bill" - sprawling legislation meant to overhaul taxes in the United States - marks a major win for Kansas City's tech and innovation economy, said Kara Lowe.
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