American Innovation and Jobs Act
Official title: A bill to amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities.
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Read twice and referred to the Committee on Finance.
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 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.
- Introduced in Senate Formatted Text PDF Formatted XML
- CASE NEW HOLLAND INDUSTRIAL INC.
- NATIONAL VENTURE CAPITAL ASSOCIATION
- NATIONAL VENTURE CAPITAL ASSOCIATION
- CASE NEW HOLLAND INDUSTRIAL INC.
- NATIONAL VENTURE CAPITAL ASSOCIATION
- CASE NEW HOLLAND INDUSTRIAL INC.
Bodies those filers lobbied
- HOUSE OF REPRESENTATIVES
- SENATE
- Commerce, Dept of (DOC)
- Treasury, Dept of
- State, Dept of (DOS)
- U.S. Trade Representative (USTR)
- Natl Institute of Standards & Technology (NIST)
- Homeland Security, Dept of (DHS)
Cite this page
U.S. Congress. (2026). S. 866: American Innovation and Jobs Act. 118th Congress. Open America. https://openamerica.io/bill/118-S-866/
"S. 866: American Innovation and Jobs Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-S-866/.
S. 866, 118th Cong. (2026), https://openamerica.io/bill/118-S-866/.
[S. 866: American Innovation and Jobs Act](https://openamerica.io/bill/118-S-866/)