The U.S. House of Representatives approved the Tax Relief for American Families and Workers Act of 2024 (Bill H.R. 7024) on 31 January 2024 in a vote of 357 to 70, which now goes to the Senate. As previously reported, the main tax measures for companies include:

• The reinstatement of full current year deductions for domestic research and experimental expenditures for expenditures made after 31…