Job Creation Through Innovation Act

Summary

Job Creation Through Innovation Act - Amends the Internal Revenue Code to: (1) increase and make permanent the tax credit for increasing research activities, (2) allow an increased research tax credit for manufacturers whose domestic production gross receipts are more than 50% of their total receipts, (3) make the research tax credit refundable for businesses with an average number of employees of 500 or fewer, and (4) expand the qualifying advanced energy project credit by allocating in 2011 $5 billion of grants or tax credit amounts to manufacturers of goods and components (other than for assembly of components) in the United States that are used in alternative energy projects. Amends the American Recovery and Reinvestment Tax Act of 2009 to extend the grant program for investment in renewable energy property, including renewable resources used to produce electricity and fuel cell, solar, wind, geothermal, and microturbine property, in lieu of tax credits, by extending the placed-in-service deadline for such property through 2012. Extends through September 30, 2013, the deadline for submitting grant applications for such program.

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Timeline

1. 14 April 2011

   Introduced

   Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2514-2516)

   Source: IntroReferral

2. 14 April 2011

   Introduced

   Sponsor introductory remarks on measure. (CR S2514)

   Source: IntroReferral

3. 14 April 2011

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 14 April 2011 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 14 April 2011

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 14 April 2011

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 14 April 2011

  Open at official source

Sponsors

• Christopher Coons · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → SEAM Act of 2011
• related to → SEAM Act of 2011