Sec. 1. Short title; table of contents
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This Act may be cited as the or as the Commitment to American Growth, Renewal, and Opportunities for Workers, Technology, and Health Act . Commitment to American GROWTH Act The table of contents of this Act is as follows: Sec. 1. Short title; table of contents. Title I—Growth in Business Investment to Boost American Wages and Jobs Sec. 101. Permanent full expensing for qualified property. Sec. 102. Limitation on business interest permanently applied without regard to deductions for depreciation, amortization, and depletion.
Title II—Growth in Research in America Sec. 201. Repeal amortization of research and experimental expenditures. Sec. 202. Doubling the research and experimental tax credit and better access to credits for startups. Sec. 203. Special rules for transfers of intangible property from controlled foreign corporations to United States shareholders. Title III—Growth in America’s Medical Independence Sec. 301. Domestic medical and drug manufacturing credit. Sec. 302. Qualifying advanced medical manufacturing equipment credit.
Sec. 303. New medical research expenditure component of credit for increasing research activities. Sec. 304. Refundable portion of research credit for small businesses engaging in specified medical research. Sec. 305. Exception from passive loss rules for investments in specified medical research small business pass-thru entities. Title IV—Growth in Innovation and Technology Breakthroughs Sec. 401. Simplification and expansion of deduction for start-up and organizational expenditures.
Sec. 402. Preservation of start-up net operating losses and tax credits after ownership change.