Comment by gregdoesit

You might be amused to hear that the only exception for Section 174 is software developers working at oil and gas companies!

From the legislation:

“ Section 174(c)(2) provides that the required § 174 method does not apply to any expenditure paid or incurred for the purpose of ascertaining the existence, location, extent, or quality of any deposit of ore or other mineral (including oil and gas).”

Is there an explanation how software developers creating software for oil and gas companies are different than for any other industry?

Or can we assume that the oil and gas industry managed to (yet again!) have its lobbyists where it mattered?