118th Congress Taxation
S. 866: American Innovation and Jobs Act
Introduced
- Introduced (completed)
- Passed Senate (not reached)
- Passed House (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses.
The bill increases the maximum amount eligible for the tax credit for new and small businesses and increases to 20% the rate of the credit for business startups.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- John Barrasso R-WYOriginal
- Catherine Cortez Masto D-NVOriginal
- Steve Daines R-MTOriginal
- Dianne Feinstein D-CAOriginal
- Bill Hagerty R-TNOriginal
- Mark Kelly D-AZOriginal
- Jerry Moran R-KSOriginal
- Patty Murray D-WAOriginal
- Gary Peters D-MIOriginal
- Kyrsten Sinema I-AZOriginal
- Thom Tillis R-NCOriginal
- Roger Wicker R-MSOriginal
- Todd Young R-INOriginal
- Shelley Capito R-WV
- Deb Fischer R-NE
- Amy Klobuchar D-MN
- Alejandro Padilla D-CA
- Christopher Coons D-DE
- Angus King I-ME
- Roger Marshall R-KS
- Tommy Tuberville R-AL
- John Kennedy R-LA
- Robert Menendez D-NJ
- Tammy Baldwin D-WI
- John Boozman R-AR
- Ted Budd R-NC
- Timothy Kaine D-VA
- Markwayne Mullin R-OK
- Mark Warner D-VA
- Katie Britt R-AL
- Jacky Rosen D-NV
- Martin Heinrich D-NM
- Dan Sullivan R-AK
- Kirsten Gillibrand D-NY
- James Lankford R-OK
- Mike Braun R-IN
- Jon Ossoff D-GA
- Jeanne Shaheen D-NH
- James David Vance R-OH
- Pete Ricketts R-NE
- Jon Tester D-MT
- Lindsey Graham R-SC
- Ben Luján D-NM
Who scored on this bill
- 1Margaret Hassan SponsorDrew cross-party cosponsors, introduced, reached a cosponsor milestone3 events+12
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Margaret Hassan
- S. 2801: Canterbury Shaker Village National Heritage Area Study Authorization Act
- S. 3211: Recognizing the Role of Direct Support Professionals Act
- S. 850: Northern Border Security Enhancement and Review Act
- S. 2658: Medication Affordability and Patent Integrity Act
- S. 380: Rural Obstetrics Readiness Act
- S. 1602: Mathematical and Statistical Modeling Education Act
History
- Introduced in the Senate by Margaret Hassan.
Show the full action history (2 actions)
- Introduced in Senate
- Read twice and referred to the Committee on Finance.