SecBot SecBot

American Innovation and Jobs Act

S. 749 Sen. Maggie Hassan (D-NH) In committee
Bill text PDF
  1. Introduced Mar 15
  2. Committee Mar 15
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Mar 15, 2021Next: Senate vote
2053d ago Mar 15, 2021: Read twice and referred to the Committee on Finance.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 1 filing
Subscribe to see spend
Member trades
1trades in the last 90 days
Subscribe to see who
Who backs the bill and who pushes back Subscribe

Companies lobbying on this bill

1 company
Companies by sector
Technology & Software 1
Search all 1 companies, their asks and price moves Subscribe

Summary

American Innovation and Jobs Act

Full summary2 paragraphs

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.

Library of Congress summary, Mar 15, 2021

Summary versions
  • Introduced in SenateMar 15, 2021

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.