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Or any company in its first 5 years of operation. (Or any company, period, within the first 5 years of the law being introduced.)

It takes 5 years to fill the pipeline, so even if the steady state would be fine, getting to that state might be impossible.



> Or any company in its first 5 years of operation.

No! Any company (with software development expenses) for the first 5 years after Sec 174 went into effect!




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