On December 9, TEI submitted written comments to Congress regarding the changes to Section 174 under the Tax Cuts and Jobs Act of 2017. The comments urged Congress to act before the end of the 2022 calendar year to postpone, if not repeal, the mandatory capitalization of expenditures under Section 174. TEI’s comments were developed by members of several TEI standing committees under the aegis of TEI’s Federal Tax Committee, chaired by Julia Lagun. The effort was led by Betty Mak, a vice chair of the committee. To read the comment letter, click here.
