J&J Pushing for Treasury to Regulate on CAMT, R&D Expensing (1)

Many companies will keep capitalizing their US research and development expenses and not take advantage of provisions allowing immediate expensing in the new GOP tax law, to avoid exposure to the 15% corporate alternative minimum tax, a vice president at Johnson & Johnson said.

Republicans’ 2025 tax-and-spending law restored companies’ ability to deduct their domestic research and development costs immediately instead of spanning them over five years. Large companies will be able to take catch-up deductions this year and next for any R&D costs from the past few years they haven’t yet been able to deduct.

But because that break ...