and inserting the following new item: Sec. 174. Amortization of research and experimental expenditures. . (d) Conforming amendments (1) Section 41(d)(1)(A) is amended by striking expenses under section 174 and inserting specified research or experimental expenditures under section 174 . (2) Subsection (c) of section 280C is amended— (A) by striking paragraph (1) and inserting the following: (1) In general If— (A) the amount of the credit determined for the taxable year under section 41(a)(1), exceeds (B) the amount allowable as a deduction for such taxable year for qualified research expenses or basic research expenses, the amount chargeable to capital account for the taxable year for such expenses shall be reduced by the amount of such excess. , (B) by striking paragraph (2), (C) by redesignating paragraphs (3) (as amended by this Act) and (4) as paragraphs (2) and (3), respectively, and (D) in paragraph (2), as redesignated by subparagraph (C), by striking paragraphs (1) and (2) and inserting paragraph (1) . (e) Effective date The amendments made by this section shall apply to amounts paid or incurred in taxable years beginning after December 31, 2025. 13207. Expensing of certain costs of replanting citrus plants lost by reason of casualty (a) In general Section 263A(d)(2) is amended by adding at the end the following new subparagraph: (C) Special temporary rule for citrus plants lost by reason of casualty (i) In general In the case of the replanting of citrus plants, subparagraph (A) shall apply to amounts paid or incurred by a person (other than the taxpayer described in subparagraph (A)) if— (I) the taxpayer described in subparagraph (A) has an equity interest of not less than 50 percent in the replanted citrus plants at all times during the taxable year in which such amounts were paid or incurred and such other person holds any part of the remaining equity interest, or (II) such other person acquired the entirety of such taxpayer’s equity interest in the land on which the lost or damaged citrus plants were