American Innovation Act of 2022
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American Innovation Act of 2022
This bill revises the tax treatment of business start-up or organizational expenditures. Specifically, it allows an election to deduct such expenditures in an amount equal to the lesser of the aggregate amount of such expenditures incurred by an active trade of business, or $20,000, reduced by the amount by which such aggregate amount exceeds $120,000. The remaining amount of such expenditures shall be amortized over the 180 month period after the trade or business begins.
The bill also revises the tax treatment of partnership syndication fees and start-up net operating losses and tax credits after an ownership change.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 7503: American Innovation Act of 2022. 117th Congress. Open America. https://openamerica.io/bill/117-HR-7503/
"H.R. 7503: American Innovation Act of 2022." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-7503/.
H.R. 7503, 117th Cong. (2026), https://openamerica.io/bill/117-HR-7503/.
[H.R. 7503: American Innovation Act of 2022](https://openamerica.io/bill/117-HR-7503/)