American Innovation Act of 2022

Summary

American Innovation Act of 2022 This bill revises the tax treatment of business start-up or organizational expenditures. Specifically, it allows an election to deduct such expenditures in an amount equal to the lesser of the aggregate amount of such expenditures incurred by an active trade of business, or $20,000, reduced by the amount by which such aggregate amount exceeds $120,000. The remaining amount of such expenditures shall be amortized over the 180 month period after the trade or business begins. The bill also revises the tax treatment of partnership syndication fees and start-up net operating losses and tax credits after an ownership change.

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Timeline

1. 14 April 2022

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 14 April 2022

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 April 2022

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 April 2022 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 April 2022

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 April 2022

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 14 April 2022

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Buchanan, Vern [R-FL-16] · R · Sponsor
• Rep. Kelly, Mike [R-PA-16] · R · Sponsor
• Rep. Wenstrup, Brad R. [R-OH-2] · R · Sponsor
• Rep. Kustoff, David [R-TN-8] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → American Innovation Act of 2023
• related to ← American Innovation Act of 2020