American Innovation Act of 2026
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsor
- 1
- Latest action
- Mar 25, 2026
What it does
The American Innovation Act of 2026 would amend the Internal Revenue Code to increase the immediate deduction 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 starting in 2027. It would also allow businesses to deduct previously nondeductible start-up expenses upon liquidation or disposition of a trade or business, and preserve certain start-up net operating losses and tax credits after an ownership change by limiting their reduction under Sections 382 and 383. The changes would apply to expenditures for businesses beginning after December 31, 2025.
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.
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.