S 4822
American Innovation and Jobs Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The American Innovation and Jobs Act aims to boost research and development investment by modifying tax benefits for businesses. It allows immediate expensing of certain research and development expenditures, provides a longer amortization period for others, and increases the maximum refundable research credit available to new and small businesses. The bill also expands eligibility for this credit and increases the income threshold for qualifying startups.
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