S. 749 · 117th Congress · 2021–2022
American Innovation and Jobs Act
S. 749 in the 117th Congress (2021–2022) was introduced on Mar 15, 2021, sponsored by Margaret Wood Hassan with 35 co-sponsors.
During the 117th Congress (2021–2022), Joe Biden was president, and Democrats held the House majority and Republicans the Senate majority.
- Status
- Introduced
- Introduced
- Mar 15, 2021
- Co-sponsors
- 35
- Policy area
- Taxation
What it does
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.
Summary by the nonpartisan Congressional Research Service.
Sponsor
Margaret Wood Hassan (D-NH). Co-sponsors: 17 Democrats, 18 Republicans.
Where it stands
- IntroducedMar 15, 2021
- Passed the Senate—
- Passed the House—
- Sent to the President—
- Became law—
Latest action: Read twice and referred to the Committee on Finance. (Mar 15, 2021)
More bills from Margaret Wood Hassan in the 117th Congress
Other Taxation bills in the 117th Congress
- H.R. 95: Hearing Protection Act
- H.R. 613: SALT Deductibility Act
- H.R. 889: Education Freedom Scholarships and Opportunity Act
- H.R. 894: No Tax Breaks for Sanctuary Cities Act
- H.R. 1219: ABLE Age Adjustment Act
- H.R. 1346: Hospitality and Commerce Job Recovery Act of 2021
- H.R. 1381: Main Street Tax Certainty Act
- H.R. 1712: Death Tax Repeal Act
- S. 1777: Don't Weaponize the IRS Act
- S. 2014: Refund Equality Act of 2021
Committees
More
From GovInfo bill records, Congressional Research Service summaries, Voteview roll calls and lobbying reports.
Cite or embed this page
Capitol Receipts, “S. 749 (117th Congress): American Innovation and Jobs Act,” https://www.capitolreceipts.com/bill/117-s-749/american-innovation-and-jobs-act (accessed 2026-10-17).