>It also classifies software development as R&D

The TCJA (passed in 2017) already did that (effective 2022). So it sounds like this new bill is keeping that, but changing the deduction rules back to what they were before 2022.

See this previous discussion of the TCJA:

> all "software development" is now an R&E expense.

https://news.ycombinator.com/item?id=34627712

(AIUI, "R&D" (research and development) and "R&E" (research and experimentation) are synonyms.)