>Since 2022

I feel like this deserves a little more detail than just the year it was started. During Trump's first administration his Tax Cuts and Jobs Act (TCJA) amended Section 174 of the Internal Revenue Code (IRC), but it started this change in 2022.

Here's good article outlining some of the significant tax implications: https://blog.pragmaticengineer.com/section-174/

>Here is how the S174 change impacted some companies, based on what I found in their annual reports:

>Microsoft: $4.8B additional tax paid in 2023. The company generated a $72B profit that year, so this tax increase was manageable. It’s still a very large amount!

>Netflix: around $368M in additional tax paid – also manageable with $4.4B annual profit.

>Google: the tax change was minimal, because Google was voluntarily amortizing software development expenses for most staff, already. This was for all projects that reached “technological feasibility,” which is a milestone products pass before public release.

Trump's new tax bill is fixing what was broken in his last tax bill (Or maybe the punishment is being removed from tech companies that were perceived as against him in the first administration that have now bent the knee).