American Innovation and Jobs Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 36
- Latest action
- May 7, 2025
What it does
The American Innovation and Jobs Act would amend the Internal Revenue Code to restore immediate expensing for research and development investments, allowing businesses to deduct such expenses in the year incurred rather than capitalizing them. It would also expand the refundable research credit for new and small businesses by increasing the credit cap from $250,000 to up to $750,000 over time and extending eligibility from 5 to 8 taxable years, while raising the gross receipts test threshold from $5 million to $15 million. Additionally, the bill increases access to the research credit for startups by raising the credit rate for qualified small businesses from 14% to 20% and allowing certain…
No official summary is available here. This one was written by AI 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.
Where it goes next
While a bill can still move, the questions are about people and money.