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HR 6756 115th Congress House Taxation Business investment and capital Corporate finance and management Income tax credits Income tax deductions Inflation and prices

American Innovation Act of 2018

Introduced: September 10, 2018 Introduced by: Buchanan, Vern Republican · Florida See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 16 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2018
Received in the Senate and Read twice and referred to the Committee on Finance.
Sep 27, 2018
Motion to reconsider laid on the table Agreed to without objection.
Sep 27, 2018
On passage Passed by the Yeas and Nays: 260 - 156 (Roll no. 412). (text: CR H9113-9114)
Sep 27, 2018
Considered as unfinished business. (consideration: CR H9134-9135)
Sep 27, 2018
POSTPONED PROCEEDINGS - At the conclusion of debate on H.R. 6756, the Chair put the question on passage of the bill, and announced that the ayes prevailed by voice vote. Mr. Buchanan demanded the Yeas and Nays, and the Chair postponed further proceedings on the question of passage on H.R. 6756 until later in the legislative day.
Sep 27, 2018
The previous question was ordered pursuant to the rule.
Sep 27, 2018
DEBATE - The House proceeded with one hour of debate on H.R. 6756.
Sep 27, 2018
Rule provides for consideration of H.R. 6756, H.R. 6757 and H.R. 6760.
Sep 27, 2018
Considered under the provisions of rule H. Res. 1084. (consideration: CR H9113-9118)
Sep 26, 2018
Rules Committee Resolution H. Res. 1084 Reported to House. Rule provides for consideration of H.R. 6756, H.R. 6757 and H.R. 6760.
Sep 24, 2018
Placed on the Union Calendar, Calendar No. 745.
Sep 24, 2018
Reported (Amended) by the Committee on Ways and Means. H. Rept. 115-957.
Sep 13, 2018
Committee Consideration and Mark-up Session Held.
Sep 13, 2018
Ordered to be Reported in the Nature of a Substitute by Voice Vote.
Sep 10, 2018
Referred to the House Committee on Ways and Means.
Sep 10, 2018
Introduced in House
 Votes taken on this bill 1
DateChamberWhat was voted onResultYes–No
Sep 27, 2018 House · vote #412 On Passage Passed 260–156 See who voted →
 Amendments to this bill 1
AmendmentSponsorPurposeStatusLatest action
HAMDT 968 — Pursuant to the provisions of H.Res. 1084, the amendment in the nature of a substitute, modified by the amend… Pending —
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 Plain-English summary Congressional Research Service

American Innovation Act of 2018

This bill consolidates and expands the existing tax deductions for start-up expenditures and organizational expenditures of taxpayers beginning an active trade or business.

For the year in which an active trade or business begins, the bill allows a single deduction equal to the lesser of (1) the aggregate amount of start-up and organizational expenditures paid or incurred in connection with the active trade or business, or (2) $20,000, reduced (but not below zero) by the amount by which the aggregate amount exceeds $120,000. The $20,000 and $120,000 limits must be adjusted for inflation after 2019.

The bill also allows a start-up business to use net operating loss carryforwards, net operating losses, and unused general business tax credits after an ownership change without being subject to certain limitations required under current law.

What's happening now September 28, 2018

Received in the Senate and Read twice and referred to the Committee on Finance.

 Related & companion bills 3
  • HRES 1084 Related bill Providing for consideration of the bill (H.R. 6756) to amend the Internal Revenue Code of 1986 to promote new business …
  • HR 111 Related bill Support Our Start-Ups Act
  • S 1984 Related bill Support Our Start-Ups Act
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 18
All 18 Republican 7
R
Blackburn, Marsha
Tennessee · Sep 17, 2018
 R
Estes, Ron
Kansas · Sep 17, 2018
Mitchell, Paul
· Sep 17, 2018
Bishop, Mike
· Sep 10, 2018
Curbelo, Carlos
· Sep 10, 2018
Holding, George
· Sep 10, 2018
JOHNSON, SAM
· Sep 10, 2018
 R
Kelly, Mike
Pennsylvania · Sep 10, 2018
 R
LaHood, Darin
Illinois · Sep 10, 2018
Noem, Kristi
· Sep 10, 2018
Nunes, Devin
· Sep 10, 2018
Paulsen, Erik
· Sep 10, 2018
Reichert, David
· Sep 10, 2018
Renacci, James
· Sep 10, 2018
Roskam, Peter
· Sep 10, 2018
 R
Schweikert, David
Arizona · Sep 10, 2018
 R
Smith, Adrian
Nebraska · Sep 10, 2018
 R
Smith, Jason
Missouri · Sep 10, 2018
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6756: American Innovation Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-HR-6756/
MLA
"H.R. 6756: American Innovation Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-6756/.
Bluebook (legal)
H.R. 6756, 115th Cong. (2026), https://openamerica.io/bill/115-HR-6756/.
Markdown link
[H.R. 6756: American Innovation Act of 2018](https://openamerica.io/bill/115-HR-6756/)
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