To amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to enhance tax benefits for
research activities., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Energy, Transportation.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section S1: 1. Short title This Act may be cited as the American Innovation and Jobs Act.
- Section id58F2135C2381455CB5C194F8307A4F6B: 2. Restoring immediate expensing for research and development investments Section 174 of the Internal Revenue Code of 1986 is amended to read as follows: A...
- Section H37C63FF14C8346ACAD7F25566B61BC4A: 174. Research and experimental expenditures A taxpayer may treat research or experimental expenditures which are paid or incurred by him during the taxable...
- Section idA0ABD7F4CAC741A6A593591AEF61A5FB: 3. Expanding refundable research credit for new and small businesses Subclause (I) of section 41(h)(4)(B)(i) of the Internal Revenue Code of 1986 is amended by...
- Section id5DF7A9744D60469FAA2900ACD5D2FDB5: 4. Increasing access to the research credit for startups Paragraph (4) of section 41(c) of the Internal Revenue Code of 1986 is amended by adding at the end...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Energy, Transportation
Primary Purpose
This bill, To amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Young (for himself, Ms. Hassan, Mr. Lankford, Mrs. Shaheen, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology