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American Innovation and Jobs Act
Legislative Progress
Introduced
October 20, 2020
Latest Action
October 20, 2020
Primary Sponsor
Margaret Wood HassanDemocratic(NH)
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
0pct
0d open
vs 5,086 other S bills in the 116th — cohort avg 30d
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 also 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.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (9)
Read twice and referred to the Committee on Finance.
Introduced in Senate
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2021 · first_quarter · Taxation/Internal Revenue Code
Tax treatment of investment capital and start-up companies; and tax policy that encourages new company formation, such as Section 382 reform and R&Dtax credit. Issues related to the Implementation of PL 115-97 - Tax Cuts and Jobs Act. H.R. 1068 - Carried Interest Fairness Act. S. 4822 - American Innovation and Jobs Act. S. 749 - IGNITE American Innovation Act.
Client expense: Not reported · Firm income: $60,000
Government targets: Commerce, Dept of (DOC), Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Natl Economic Council (NEC), Office of the Vice President of the United States, SENATE
2020 · fourth_quarter · Taxation/Internal Revenue Code
S 4822/HR 4549 - American Innovation and Jobs Act including issues related to the immediate expensing of qualified research and development expenditure and to reverse a change in the 2017 tax law to ensure that companies can continue to fully deduct R&D investments each year; S 604/HR 5674 - Mobile Workforce State Income Tax Simplification Act of 2020 to limit the authority of states to tax employees for employment duties performed in other states; S 3995 - Remote and Mobile Worker Relief Act of 2020 to ensure that remote workers and medical professionals who supported hard hit areas during COVID-19 do not face unexpected state income tax bills; HR 748 - CARES Act including issues related to tax and R&D credit; HR 6800 - HEROES Act including issues related to tax and R&D credit; HR 4035 - Pension and Budget Integrity Act of 2019 including issues related to pension funding relief and Pension Benefit Guaranty Corporation (PBGC) premium eduction; S 684 - Middle Class Health Benefits Tax Repeal Act of 2019 including issues related to healthcare, paid leave, prescription drug costs, surprise billing, Health Savings Account (HSA) modernization; Discussions on corporate tax rate
Client expense: $2,880,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · fourth_quarter · Taxation/Internal Revenue Code
H.R.4549 - American Innovation and Competitiveness Act of 2019 S. 4822 - American Innovation and Jobs Act - Issues related to R&D tax deductions and expense amortization - Issues related to supply chain incentives
Client expense: $2,030,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Patent & Trademark Office (PTO), SENATE, U.S. Trade Representative (USTR), White House Office
2020 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to R&D Tax Deduction (HR 4549 / S 4822)
Client expense: $30,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Highway Traffic Safety Administration (NHTSA), SENATE, State, Dept of (DOS), U.S. Customs & Border Protection
2020 · fourth_quarter · Taxation/Internal Revenue Code
Issues related to the Tax Cuts and Jobs Act; Section 1061 regulations; capital gains tax policy; Carried Interest Fairness Act, H.R. 1735/S. 781; Ending the Carried Interest Loophole Act, S. 1639; carried interest capital gains; partnership tax policy; tax policy that encourages new company formation including: R&D credit, Section 1202, Section 382, stock options, medical device tax, tax extenders, opportunity zones, energy innovation tax issues, including the Energy Sector Innovation Credit Act HR 7196; Research & Development Tax Credit Expansion Act, S. 2207; CEO and Worker Pension Fairness Act; Families First Coronavirus Response Act; Issues related to the Coronavirus Aid, Relief, and Economic Security Act; Issues related to the Phase IV economic relief package including monetization of tax assets for growth companies and the employee retention tax credit; IGNITE American Innovation Act HR 7917; HEROES Act HR 6800; Tax bills to encourage American innovation and medical independence, HRs 7766, 7505, 7556; American Innovation and Jobs Act S. 4822
Client expense: $847,156 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Defense, Dept of (DOD), Federal Communications Commission (FCC), Federal Reserve System, Financial Crimes Enforcement Network (FinCEN), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Internal Revenue Service (IRS), Office of Science & Technology Policy (OSTP), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), Treasury, Dept of, White House Office
2020 · fourth_quarter · Taxation/Internal Revenue Code
American Innovation and Competitiveness Act (H.R. 4549) American Innovation and Jobs Act (S. 4822) Estate Tax/Small Business Tax (no bill) Accelerate Long-term Investment Growth Now Act (H.R. 6802) Business tax credits to encourage attendee and exhibitor participation at trade shows and exhibitions in response to COVID-19 (no bill) Paycheck Protection Program (PPP) loan forgiveness (H.R. 133)
Client expense: $20,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, President of the U.S., SENATE, Surface Transportation Board (STB), U.S. Trade Representative (USTR)
2020 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 4549 - American Innovation and Competitiveness Act of 2019, S. 4822 - American Innovation and Jobs Act, provisions related to R&D Amortization. H.R. 8832 - SAFE TO WORK Act, S. 4317 - SAFE TO WORK Act; Liability protection for employers regarding workplace COVID exposure. Issues related to international tax & competitiveness, Organisation for Economic Co-operation and Development (OECD) digital tax. Issues related to Tax Cuts and Jobs Act (TCJA)/Tax Reform implementation: Global Intangible Low Tax Income (GILTI), Foreign Derived Intangible Income (FDII), and High Tax Exception and Taxation of Advance Payments. H.R. 133 - Extension of CFC Look Through/IRS 954(c)(6) provision.
Client expense: $2,140,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Defense Security Cooperation Agency (DSCA), Defense, Dept of (DOD), Director of National Intelligence (ODNI), Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Natl Aeronautics & Space Administration (NASA), Natl Oceanic & Atmospheric Administration (NOAA), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, White House Office
2020 · fourth_quarter · Taxation/Internal Revenue Code
H.R.4549 - American Innovation and Competitiveness Act of 2019 S. 4822 - American Innovation and Jobs Act - Issues related to R&D tax deductions and expense amortization - Issues related to supply chain incentives
Client expense: $2,020,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Patent & Trademark Office (PTO), SENATE, U.S. Trade Representative (USTR), White House Office
2020 · fourth_quarter · Taxation/Internal Revenue Code
H.R. 4549, American Innovation and Competitiveness Act of 2019. S. 4822, American Innovation and Jobs Act. S. 3995, The Remote and Mobile Worker Relief Act of 2020. S. 4318, American Workers, Families, and Employers Assistance Act 2020. H.R. 133, Consolidated Appropriations Act 2021. Transfer pricing, treaty, foreign tax credit, stranded worker, international tax, and foreign tax issues.
Client expense: $2,190,000 · Firm income: Not reported
2020 · fourth_quarter · Taxation/Internal Revenue Code
S 4822/HR 4549 - American Innovation and Jobs Act including issues related to the immediate expensing of qualified research and development expenditure and to reverse a change in the 2017 tax law to ensure that companies can continue to fully deduct R&D investments each year; S 604/HR 5674 - Mobile Workforce State Income Tax Simplification Act of 2020 to limit the authority of states to tax employees for employment duties performed in other states; S 3995 - Remote and Mobile Worker Relief Act of 2020 to ensure that remote workers and medical professionals who supported hard hit areas during COVID-19 do not face unexpected state income tax bills; HR 748 - CARES Act including issues related to tax and R&D credit; HR 6800 - HEROES Act including issues related to tax and R&D credit; HR 4035 - Pension and Budget Integrity Act of 2019 including issues related to pension funding relief and Pension Benefit Guaranty Corporation (PBGC) premium eduction; S 684 - Middle Class Health Benefits Tax Repeal Act of 2019 including issues related to healthcare, paid leave, prescription drug costs, surprise billing, Health Savings Account (HSA) modernization; Discussions on corporate tax rate
Client expense: $2,860,000 · Firm income: Not reported
2020 · fourth_quarter · Taxation/Internal Revenue Code
Business interest deduction CFC look-through Deductibility of expenses paid with PPP funds Employee Retention Tax Credit Estate Tax General Business Tax Credits H.R. 4549, American Innovation and Competitiveness Act H.R. 748, CARES Act OECD Digital Tax Project Onshoring tax incentives Payroll tax deferral R&D Amortization R&D Tax Credit Rev. Proc. 94-69 S. 3296, ALIGN Act S. 3612, Small Business Expense Protection Act of 2020 S. 3995, To limit the authority of States or other taxing jurisdictions to tax certain income of employees for employment duties performed in other States or taxing jurisdictions S. 4822, American Innovation and Jobs Act Tax Reform Implementation
Client expense: $1,350,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Commerce, Dept of (DOC), Defense, Dept of (DOD), Education, Dept of, Energy, Dept of, Environmental Protection Agency (EPA), Executive Office of the President (EOP), Federal Communications Commission (FCC), Federal Trade Commission (FTC), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Interior, Dept of (DOI), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Institute of Standards & Technology (NIST), Natl Science Foundation (NSF), Natl Security Council (NSC), Office of Management & Budget (OMB), Office of Science & Technology Policy (OSTP), Patent & Trademark Office (PTO), SENATE, Securities & Exchange Commission (SEC), State, Dept of (DOS), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Postal Service (USPS), U.S. Trade Representative (USTR), Veterans Affairs, Dept of (VA), White House Office
Government targets: Agriculture, Dept of (USDA), Air Force, Dept of, Army, Dept of (Other), Commerce, Dept of (DOC), Defense, Dept of (DOD), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Navy, Dept of, SENATE, State, Dept of (DOS)
Government targets: Agriculture, Dept of (USDA), Army, Dept of (Corps of Engineers), Bureau of Citizenship & Immigration Services (BCIS), Centers For Disease Control & Prevention (CDC), Commerce, Dept of (DOC), Consumer Product Safety Commission (CPSC), Council on Environmental Quality (CEQ), Defense Information Systems Agency, Defense, Dept of (DOD), Energy, Dept of, Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Export-Import Bank of the United States (EXIM Bank), Federal Emergency Management Agency (FEMA), Federal Trade Commission (FTC), Food & Drug Administration (FDA), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Internal Revenue Service (IRS), Justice, Dept of (DOJ), Labor, Dept of (DOL), Natl Economic Council (NEC), Natl Security Council (NSC), Office of Management & Budget (OMB), Office of the Comptroller of the Currency (OCC), Patent & Trademark Office (PTO), Postal Regulatory Commission, SENATE, Securities & Exchange Commission (SEC), Small Business Administration (SBA), State, Dept of (DOS), Treasury, Dept of, U.S. Customs & Border Protection, U.S. Trade Representative (USTR), White House Office