American Innovation and Jobs Act

referredUnited States· United States Congress· EN

Introduced

16 March 2023

Last action

16 March 2023 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Hassan, Margaret Wood [D-NH], Sen. Young, Todd [R-IN], Sen. Cortez Masto, Catherine [D-NV], Sen. Barrasso, John [R-WY], Sen. Sinema, Kyrsten [I-AZ], Sen. Tillis, Thomas [R-NC], Sen. Feinstein, Dianne [D-CA], Sen. Daines, Steve [R-MT], Sen. Kelly, Mark [D-AZ], Sen. Hagerty, Bill [R-TN], Sen. Murray, Patty [D-WA], Sen. Moran, Jerry [R-KS], Sen. Peters, Gary C. [D-MI], Sen. Wicker, Roger F. [R-MS], Sen. Padilla, Alex [D-CA], Sen. Capito, Shelley Moore [R-WV], Sen. Klobuchar, Amy [D-MN], Sen. Fischer, Deb [R-NE], Sen. King, Angus S., Jr. [I-ME], Sen. Marshall, Roger [R-KS], Sen. Coons, Christopher A. [D-DE], Sen. Tuberville, Tommy [R-AL], Sen. Menendez, Robert [D-NJ], Sen. Kennedy, John [R-LA], Sen. Baldwin, Tammy [D-WI], Sen. Boozman, John [R-AR], Sen. Budd, Ted [R-NC], Sen. Warner, Mark R. [D-VA], Sen. Mullin, Markwayne [R-OK], Sen. Kaine, Tim [D-VA], Sen. Britt, Katie Boyd [R-AL], Sen. Rosen, Jacky [D-NV], Sen. Sullivan, Dan [R-AK], Sen. Heinrich, Martin [D-NM], Sen. Lankford, James [R-OK], Sen. Gillibrand, Kirsten E. [D-NY], Sen. Braun, Mike [R-IN], Sen. Ossoff, Jon [D-GA], Sen. Vance, J. D. [R-OH], Sen. Shaheen, Jeanne [D-NH], Sen. Tester, Jon [D-MT], Sen. Ricketts, Pete [R-NE], Sen. Luján, Ben Ray [D-NM], Sen. Graham, Lindsey [R-SC]

Subjects

Taxation

Source updated

5 December 2025

Taxation

Official source Download file View documents Share

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 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

16 March 2023
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
16 March 2023
Introduced
Introduced in Senate
Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 16 March 2023 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 16 March 2023
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Introduced in Senate (PDF)
Introduced in Senate · EN · 16 March 2023
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
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Introduced in Senate
summary · EN · 16 March 2023
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

related to ← American Innovation and R&D Competitiveness Act of 2023
related to ← Securing America’s R&D Advantage Act

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/118th-congress/senate-bill/866
Open data entity: https://api.congress.gov/v3/bill/118/s/866
us · 118-s-866 · source updated 5 December 2025