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S 4822 116th Congress Senate Taxation Business expenses Income tax credits Income tax deductions Research and development Small business

American Innovation and Jobs Act

Introduced: October 20, 2020 Introduced by: Hassan, Margaret Wood Democratic · New Hampshire See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Oct 20, 2020
Read twice and referred to the Committee on Finance.
Oct 20, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

American Innovation and Jobs Act

This bill revises and expands the deductibility of research and experimental expenditures to allow immediate expensing of such expenditures. It also allows the amortization over a period of at least 60 months of certain other types of research and experimental expenditures not treated as expenses.

The bill also increases the maximum amount eligible for the tax credit for new and small businesses and increases to 20% the rate of the credit for business startups.

What's happening now October 20, 2020

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 4549 Related bill AICA Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Young, Todd
Indiana · Oct 20, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4822: American Innovation and Jobs Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-4822/
MLA
"S. 4822: American Innovation and Jobs Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-4822/.
Bluebook (legal)
S. 4822, 116th Cong. (2026), https://openamerica.io/bill/116-S-4822/.
Markdown link
[S. 4822: American Innovation and Jobs Act](https://openamerica.io/bill/116-S-4822/)
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