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American Innovation Act of 2018
This bill consolidates and expands the existing tax deductions for start-up expenditures and organizational expenditures of taxpayers beginning an active trade or business.
For the year in which an active trade or business begins, the bill allows a single deduction equal to the lesser of (1) the aggregate amount of start-up and organizational expenditures paid or incurred in connection with the active trade or business, or (2) $20,000, reduced (but not below zero) by the amount by which the aggregate amount exceeds $120,000. The $20,000 and $120,000 limits must be adjusted for inflation after 2019.
The bill also allows a start-up business to use net operating loss carryforwards, net operating losses, and unused general business tax credits after an ownership change without being subject to certain limitations required under current law.
Written by the nonpartisan Congressional Research Service, describing H.R. 6756 as introduced in House on Sep 10, 2018. It is not the text of the measure; a later amendment may have changed what it does.
House Sep 27, 2018
American Innovation Act of 2018
Passed
260 Yea 156 Nay 12 not voting
Party-line vote 31 of 416 voting members broke with their own party: 31 Democrats.
DemocratsRepublicansFilled: YeaRing: NayGrey: not voting or present
428 members on this roll call, from the official House record. Party majorities need at least five voting members, so an independent never counts as breaking with a party.
Signing on is not a vote: a member can cosponsor H.R. 6756 and vote against it. 23 signed when it was filed.
Organizations that named H.R. 6756 in a lobbying disclosure. Only those that cited the bill by number appear, so this is a floor, not a full list.
84 disclosures name this measure. Retrieved from LDA.gov on 2026-10-05. Senate Office of Public Records cannot vouch for the data or analyses derived from these data after the data have been retrieved from LDA.gov.