Skip to Main Content
  • About
    • Staff
    • Board of Directors
    • Member Directory
  • Membership
    • Membership Benefits
    • Membership FAQ
    • Join NEC
  • Issues
    • Diversity & Inclusion
    • Energy & Environment
    • Financial Services
    • Healthcare
    • Higher Education
    • Housing
    • Technology & Innovation
    • Trade
    • Transportation & Infrastructure
    • Partnerships for Talent Pipeline Directory
  • News
  • Events
    • Upcoming Events
    • Past Events
    • 2025 Centennial Celebration
    • Washington Leaders’ Conference
    • Politics & Eggs
    • Inside the Corner Office
    • Rising Stars Network
    • Celebrating 100 Years
      • New England Council Fellows Program
    • Sponsorship Opportunities
  • Contact
  • About
    • Staff
    • Board of Directors
    • Member Directory
  • Membership
    • Membership Benefits
    • Membership FAQ
    • Join NEC
  • Issues
    • Diversity & Inclusion
    • Energy & Environment
    • Financial Services
    • Healthcare
    • Higher Education
    • Housing
    • Technology & Innovation
    • Trade
    • Transportation & Infrastructure
    • Partnerships for Talent Pipeline Directory
  • News
  • Events
    • Upcoming Events
    • Past Events
    • 2025 Centennial Celebration
    • Washington Leaders’ Conference
    • Politics & Eggs
    • Inside the Corner Office
    • Rising Stars Network
    • Celebrating 100 Years
      • New England Council Fellows Program
    • Sponsorship Opportunities
  • Contact

News

Apr 27, 2023Blog | Council News, Technology & Innovation

NEC Urges the House to Pass the American Innovation and R&D Competitiveness Act

On April 27, 2023, The New England Council wrote to the region’s House delegation to urge them to support the bipartisan American Innovation and R&D Competitiveness Act, which was recently introduced by New England’s own Representative John Larson (D-CT), in partnership with Representative Ron Estes (R-KS).

This legislation would reverse a provision of the Tax Cuts and Jobs Act of 2017 that went into effect for the 2022 tax year, requiring businesses must amortize research & development (R&D) expenses over a period of five years. Specifically, this bill would allow businesses to continue to fully deduct R&D expenses each year.  In its letter, the Council noted that the new amortization requirement will ultimately make R&D more costly to conduct in New England and across the U.S., and will negatively impact America’s global competitiveness.

Earlier this year, the Council endorsed similar bipartisan legislation introduced in the Senate by Senator Maggie Hassan (D-NH) and Senator Todd Young (R-IN).

For more information on the Council’s Technology & Innovation Working Group, please contact Mariah Healy.

Read the Letter

Council Related News
Read Article Blog | Member News, Technology & Innovation

General Dynamics Electric Boat awarded $12.2 billion contract to boost shipbuilder pay and build two new submarines

Read Article Blog | Member News, Energy & Environment, Higher Education, Technology & Innovation

UMass President speaks on climate tech and the ambitions of Massachusetts

Read Article Blog | Council News

Now Available – Episode 28: Patrick W. McDermott, Norfolk County Sheriff

Read Article Blog | Member News, Technology & Innovation

American Tower Corporation Announces Partnership with Boys & Girls Clubs of America

Read Article Blog | Member News, Technology & Innovation

Comcast sets out to equip 100 small businesses in Greater Boston with aid packages

View Related News

©2025 New England Council
All rights reserved.

Privacy Policy Website Design by Jackrabbit

Boston Office

98 North Washington Street
Suite 303
Boston, MA 02114

(617) 723-4009

necouncil@newenglandcouncil.com

Washington Office

1411 K Street, NW
Suite 700
Washington, D.C. 20005

(202) 547-0048

necouncil@newenglandcouncil.com

Website Design by Jackrabbit