CREATE JOBS Act
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
The bill provides CREATE JOBS Act, defines neutral cost recovery depreciation adjustment for residential rental property and nonresidential real property, and defines elimination of amortization of research and experimental expenditures. It relies on definition changes, tax rate changes, appropriations, and tax deductions. The main policy areas are Finance and Science & Space.
Who Benefits and How
Businesses conducting research and development activities could face lower compliance burdens, Businesses engaged in research or experimentation could see lower costs, and Businesses and Startups could see lower costs.
Who Bears the Burden and How
Owners of residential rental properties and nonresidential real properties would take on compliance duties.
Key Provisions
- Provides CREATE JOBS Act.
- Defines neutral cost recovery depreciation adjustment for residential rental property and nonresidential real property.
- Defines elimination of amortization of research and experimental expenditures.
- Expands research and experimental expenditures tax deduction.
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
The bill provides CREATE JOBS Act, defines neutral cost recovery depreciation adjustment for residential rental property and nonresidential real property, and defines elimination of amortization of research and experimental expenditures.
Key Policy Areas
Finance, Science & Space
Primary Purpose
The bill provides CREATE JOBS Act, defines neutral cost recovery depreciation adjustment for residential rental property and nonresidential real property, and defines elimination of amortization of research and experimental expenditures.
Policy Domains
Whole bill
Identified Gains
- Businesses conducting research and development activities
- Businesses engaged in research or experimentation
- Businesses and Startups
Identified Costs
- Owners of residential rental properties and nonresidential real properties
Sponsors
Legislative Progress
In CommitteeMr. Cruz introduced the following bill; which was read twice …
Read twice and referred to the Committee on Finance.
Introduced in Senate
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Owners of residential rental properties and nonresidential real properties
Businesses conducting research and development activities
Businesses engaged in research or experimentation
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