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Tax Relief for Businesses: Immediate Deductions and Research Support

This act introduces tax law changes to make it easier for businesses to deduct investment and research expenses. This allows companies to recover invested money faster, potentially encouraging more investment and job creation. The changes also affect real estate and research and development expenditures.
Key points
Businesses can immediately deduct 100% of qualified investment costs, rather than spreading them over time. This means faster cash recovery for entrepreneurs.
A mechanism for adjusting depreciation deductions for residential and commercial real estate to inflation has been introduced, potentially reducing tax burdens for property owners.
Research and development expenses can once again be fully deducted in the year they are incurred, supporting innovation and the development of new technologies in companies.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_2056
Sponsor: Sen. Cruz, Ted [R-TX]
Process start date: 2025-06-12
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

CREATE JOBS Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_2056.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-06-12.

What are the main provisions?

Key points include:

  • Businesses can immediately deduct 100% of qualified investment costs, rather than spreading them over time. This means faster cash recovery for entrepreneurs.
  • A mechanism for adjusting depreciation deductions for residential and commercial real estate to inflation has been introduced, potentially reducing tax burdens for property owners.
  • Research and development expenses can once again be fully deducted in the year they are incurred, supporting innovation and the development of new technologies in companies.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cruz, Ted [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Taxes Economy Real Estate