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S 1920 113th Congress Senate Taxation Employment taxes Government trust funds Income tax credits Research and development Small business Social security and elderly assistance

Innovators Job Creation Act

Introduced: January 14, 2014 See on congress.gov
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 14, 2014
Read twice and referred to the Committee on Finance.
Jan 14, 2014
Introduced in Senate
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 Plain-English summary Congressional Research Service

Innovators Job Creation Act - Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities; (2) allow an offset of such credit against liability for the alternative minimum tax (AMT); (3) make permanent the five-year carryback of research tax credit amounts of certain small businesses; and (4) allow a qualified small business, other than a tax-exempt organization, to use a portion, up to $250,000 in a taxable year, of its tax credit for increasing research expenditures as an offset against its employment tax liability.  Defines "qualified small business" as a corporation, partnership, or S corporation if the gross receipts of such entity for the taxable year are less than $5 million and such entity did not have gross receipts for any period preceding the 5-year period ending with such taxable year.

What's happening now January 14, 2014

Read twice and referred to the Committee on Finance.

 Related & companion bills 3
  • HR 714 Related bill Startup Act 3.0
  • S 193 Related bill Startup Innovation Credit Act of 2013
  • S 310 Related bill Startup Act 3.0
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Schumer, Charles E.
New York · Mar 6, 2014
 D
Coons, Christopher A.
Delaware · Jan 14, 2014
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1920: Innovators Job Creation Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-1920/
MLA
"S. 1920: Innovators Job Creation Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-1920/.
Bluebook (legal)
S. 1920, 113th Cong. (2026), https://openamerica.io/bill/113-S-1920/.
Markdown link
[S. 1920: Innovators Job Creation Act](https://openamerica.io/bill/113-S-1920/)
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