S 4376
Create jobs act
Create Jobs Act
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To President
- Became Law
Bill overview
The Cost Recovery and Expensing Acceleration to Transform the Economy and Jumpstart Opportunities for Businesses and Startups Act (CREATE JOBS Act) aims to stimulate economic growth by making it easier for businesses to deduct investments in property. The bill permanently allows full expensing of qualified property, modifies depreciation rules for rental and real property, and eliminates the requirement to amortize research and experimental expenditures. It also introduces a ‘neutral cost recovery ratio’ to adjust depreciation deductions based on economic conditions, aiming to reflect the true cost of assets over time.
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Primary sponsor
Cosponsor
Martha McSally
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