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- S.4822
S.4822: American Innovation and Jobs Act
About This Bill
- Introduced Oct. 20, 2020
- Latest Major Action Oct. 20, 2020
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in Senate - Oct. 20, 2020
Bill Summary
American Innovation and Jobs Act This bill revises and expands the tax credit for 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...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Oct. 20, 2020 |
Read twice and referred to the Committee on Finance.
|
| Oct. 20, 2020 |
Introduced in the Senate by Margaret Hassan (D-N.H.) |