President Trump signs the One Big Beautiful Bill, which allows immediate deduction of US software labor; foreign R&D still must be amortized over 15 years (KBKG) 04-07-2025

KBKG:
President Trump signs the One Big Beautiful Bill, which allows immediate deduction of US software labor; foreign R&D still must be amortized over 15 years — Today, the House passed the Senate’s version of the “One Big Beautiful Bill Act” (OBBBA), marking a significant overhaul to federal tax policy.