American Innovation Act of 2026

This bill changes federal tax rules for costs of starting a new business. It would let a business deduct up to $20,000 of start-up and organizational costs in its first year, with that amount reduced when total costs go over $120,000, and both amounts adjusted for inflation after 2026. Remaining costs would be deducted in equal parts over 15 years (180 months). The bill also lets a company keep more of the business losses and tax credits from a new business's first three years after a change in ownership, as long as the new owner keeps running that business for two years.

Full text and official record on Congress.gov

Sponsors

• Marsha Blackburn Republican sponsor
• 0 cosponsors