Senate Bill 866 - American Innovation and Jobs Act

Purpose and Summary

Chamber: Senate

Introduced date: 2023-03-16

Recent Activity

Read twice and referred to the Committee on Finance.

Alternative Names

American Innovation and Jobs Act

American Innovation and Jobs Act

A bill to amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities.

Associated Legislation

American Innovation and R&D Competitiveness Act of 2023

Securing America’s R&D Advantage Act

Policy Areas

Taxation

Potential Impact

Business expenses

Income tax credits

Income tax deductions

Research and development

Small business

Sponsors and Supporters

Sen. Hassan, Margaret Wood [D-NH]

Cosponsors and Supporters

Sen. Young, Todd [R-IN]

Sen. Cortez Masto, Catherine [D-NV]

Sen. Barrasso, John [R-WY]

Sen. Sinema, Kyrsten [I-AZ]

Sen. Tillis, Thomas [R-NC]

Sen. Feinstein, Dianne [D-CA]

Sen. Daines, Steve [R-MT]

Sen. Kelly, Mark [D-AZ]

Sen. Hagerty, Bill [R-TN]

Sen. Murray, Patty [D-WA]

Sen. Moran, Jerry [R-KS]

Sen. Peters, Gary C. [D-MI]

Sen. Wicker, Roger F. [R-MS]

Sen. Padilla, Alex [D-CA]

Sen. Capito, Shelley Moore [R-WV]

Sen. Klobuchar, Amy [D-MN]

Sen. Fischer, Deb [R-NE]

Sen. King, Angus S., Jr. [I-ME]

Sen. Marshall, Roger [R-KS]

Sen. Coons, Christopher A. [D-DE]

Sen. Tuberville, Tommy [R-AL]

Sen. Menendez, Robert [D-NJ]

Sen. Kennedy, John [R-LA]

Sen. Baldwin, Tammy [D-WI]

Sen. Boozman, John [R-AR]

Sen. Budd, Ted [R-NC]

Sen. Warner, Mark R. [D-VA]

Sen. Mullin, Markwayne [R-OK]

Sen. Kaine, Tim [D-VA]

Sen. Britt, Katie Boyd [R-AL]

Sen. Rosen, Jacky [D-NV]

Sen. Sullivan, Dan [R-AK]

Sen. Heinrich, Martin [D-NM]

Sen. Lankford, James [R-OK]

Sen. Gillibrand, Kirsten E. [D-NY]

Sen. Braun, Mike [R-IN]

Sen. Ossoff, Jon [D-GA]

Sen. Vance, J. D. [R-OH]

Sen. Shaheen, Jeanne [D-NH]

Sen. Tester, Jon [D-MT]

Sen. Ricketts, Pete [R-NE]

Sen. Lujan, Ben Ray [D-NM]

Sen. Graham, Lindsey [R-SC]

Committees and Subcommittees

Finance Committee

Variations and Revisions