American Innovation Act of 2025
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- +15
- Latest action
- Mar 3, 2025
What it does
The American Innovation Act of 2025 would amend the Internal Revenue Code to increase the immediate deduction allowed for start-up and organizational expenses from $5,000 to $20,000, with a phaseout beginning at $120,000 in total expenditures, and adjust these amounts for inflation after 2026. It would also allow taxpayers to deduct previously nondeductible start-up and organizational expenses upon the liquidation or disposition of a trade or business. Additionally, the bill preserves certain start-up net operating losses and unused general business credits from being limited under ownership change rules, applying to businesses that began after January 31, 2026.
AI summary · The lawmakers haven’t published an official summary of this bill yet, so 52 wrote this one from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.