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S 455 114th Congress Senate Taxation Employment taxes Income tax credits Research and development Small business

Innovators Job Creation Act of 2015

Introduced: February 11, 2015 See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
Feb 11, 2015
Read twice and referred to the Committee on Finance.
Feb 11, 2015
Introduced in Senate
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 Plain-English summary Congressional Research Service

Innovators Job Creation Act of 2015

Amends the Internal Revenue Code to allow a qualified small business to elect to use a portion of its tax credit for increasing research expenditures as an offset against its payroll tax liability under the Federal Insurance Contributions Act.

Defines "qualified small business" as a corporation, a partnership, or a person other than a tax-exempt organization that had gross receipts of less than $5 million for the taxable year and that did not have gross receipts for any period preceding the five-taxable-year period ending with such taxable year.

Limits: (1) the number of years a taxpayer may elect to offset payroll taxes under this Act to five, and (2) the annual amount of such offset to $250,000.

Allows an offset of research tax credit amounts against alternative minimum tax liability. 

What's happening now February 11, 2015

Read twice and referred to the Committee on Finance.

 Related & companion bills 2
  • HR 2029 Related bill Consolidated Appropriations Act, 2016
  • HR 3058 Identical bill Innovators Job Creation Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Coons, Christopher A.
Delaware · Feb 11, 2015
 D
Schumer, Charles E.
New York · Feb 11, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). S. 455: Innovators Job Creation Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-S-455/
MLA
"S. 455: Innovators Job Creation Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-S-455/.
Bluebook (legal)
S. 455, 114th Cong. (2026), https://openamerica.io/bill/114-S-455/.
Markdown link
[S. 455: Innovators Job Creation Act of 2015](https://openamerica.io/bill/114-S-455/)
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