KC Tech Council’s Lowe provides insight into federal tax benefit for R&D expensing

A long-awaited fix to federal Section 174 research and development (R&D) expensing processes recently went into law, and KC Tech Council CEO Kara Lowe provided insight into the benefits for tech-focused businesses and entrepreneurs in a recent Startland News article. KCTC and Technology Councils of North America (TECNA) were among advocates championing the reform after a 2017 legislative change expired.

Signed on July 4, H.R.1’s revised Section 174 Act allows businesses to fully and permanently expense R&D investments, creating a more cost-effective way to pursue innovation. Companies with under $31M in receipts can now also retroactively claim refunds on past expenses. 

“Hopefully, we’ll see any reticence around research and development evaporate, increasing innovation and allowing for more growth in our small and midmarket tech sector,” KCTC CEO Kara Lowe said in the Startland News article, which can be read here.

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