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American Innovation and Jobs Act

S. 866 Sen. Maggie Hassan (D-NH) In committee
Bill text PDF
  1. Introduced Mar 16
  2. Committee Mar 16
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Mar 16, 2023Next: Senate vote
1322d ago Mar 16, 2023: Read twice and referred to the Committee on Finance.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
17companies, 30 filings
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Member trades
54trades in the last 90 days
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Companies lobbying on this bill

17 companies
Companies by sector
Technology & Software 7Industrials 5Biotech & Pharma 2Communications & Media 1Medical Devices & Healthcare 1Mining & Materials 1
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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 16, 2023

Summary versions
  • Introduced in SenateMar 16, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 28, 2026.