United States · Bill · S
S. 4822 (116th)
American Innovation and Jobs Act
Introduced
20 October 2020
Last action
20 October 2020 · Introduced
Status
Read twice and referred to the Committee on Finance.
Sponsors
Sen. Hassan, Margaret Wood [D-NH], Sen. Young, Todd [R-IN]
Subjects
Taxation
Source updated
3 January 2025
Summary
American Innovation and Jobs Act 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 also 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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
20 October 2020
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
20 October 2020
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 20 October 2020 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 20 October 2020
Introduced in Senate (PDF)
Introduced in Senate · EN · 20 October 2020
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Introduced in Senate
summary · EN · 20 October 2020
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Hassan, Margaret Wood [D-NH] · D · Sponsor
- Sen. Young, Todd [R-IN] · R · Sponsor
- · ssfi00 · Standing
Related records
- related to → AICA Act of 2019
- related to → American Innovation and Jobs Act
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/116th-congress/senate-bill/4822
- Open data entity: https://api.congress.gov/v3/bill/116/s/4822
- us · 116-s-4822 · source updated 3 January 2025