OBBBA Resource Center

H.R. 1, otherwise known as the “One Big Beautiful Bill” (OBBB), signed into law on July 4, 2025, introduces significant modifications to the U.S. tax code with a primary focus on stimulating economic growth and providing relief to businesses. The legislation reinstates full expensing for research and development costs, reversing the amortization requirements implemented in 2022. This critical change allows businesses to immediately deduct R&D expenses in the year they are incurred, providing substantial cash flow benefits and encouraging continued investment in innovation across various sectors.

The bill also includes the restoration of more generous depreciation rules for business assets, which should provide additional financial flexibility for companies making capital investments. The legislation addresses long-standing concerns from business communities about the tax treatment of innovation expenses, offering a potential boost to economic competitiveness and technological advancement. These changes are projected to provide billions in tax savings for businesses, potentially stimulating economic growth and investment across multiple sectors.

CTI’s tax credit experts bring deep insight and practical guidance to help businesses navigate the complexities of the OBBB bill with clarity and confidence. From assessing eligibility to maximizing benefits, our team ensures you’re strategically positioned to take full advantage of the program.