Recent U.S. tax provisions require businesses to amortize their R&D expenses, making R&D more costly to conduct in the U.S. This harmful tax change, commonly referred to as "Section 174", has resulted in significant cash flow impacts on businesses, particularly for start-ups and small businesses, with some having to forego hiring, delay investments and take out loans in order to pay the higher tax bills.

We are pleased to share that TECNA has been a visible, effective leader in advocating for a legislative solution.  

The industry-wide Tax Priorities Sign-On Letter, which many TECNA Member Councils signed, was released on Thursday, November 2, 2023, with over 1,300 signatures on it. 

Click Here to Download the Letter