# 114-hr-3058: Innovators Job Creation Act of 2015

114-hr-3058, Innovators Job Creation Act of 2015, is a 114th Congress bill sponsored by Rep. Kelly, Mike [R-PA-16] (R-PA); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-3058
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-3058
- Congress: 114
- Title: Innovators Job Creation Act of 2015
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2015-07-14
- Sponsor: Rep. Kelly, Mike [R-PA-16] (R-PA)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Innovators Job Creation Act of 2015 Amends the Internal Revenue Code to allow a qualified small business to elect to use a portion of its tax credit for increasing research expenditures as an offset against its payroll tax liability under the Federal Insurance Contributions Act. Defines "qualified small business" as a corporation, a partnership, or a person other than a tax-exempt organization that had gross receipts of less than $5 million for the taxable year and that did not have gross receipts for any period preceding the five-taxable-year period ending with such taxable year. Limits: (1) the number of years a taxpayer may elect to offset payroll taxes under this Act to five, and (2) the annual amount of such offset to $250,000. Allows an offset of research tax credit amounts against alternative minimum tax liability. 

## Cosponsors (1)

- Rep. Kind, Ron [D-WI-3] (D-WI), 2015-07-14T00:00:00.000Z

## Related bills

- 114-hr-6176: Export Control Reform Act
- 114-hr-6045: STOP Act of 2016
- 114-hr-5942: Dialysis PATIENTS Demonstration Act of 2016
- 114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Doby in recognition of his achievements and contributions to American major league…
- 114-hr-5447: Small Business Health Care Relief Act of 2016
- 114-hr-5361: To amend the Internal Revenue Code of 1986 to provide for the tax-exempt financing of certain government-owned buildings.

## Sources
- [114-hr-3058 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/3058)

## Related
- [114-hr-6176: Export Control Reform Act](https://policyrisk.com/legislation/114-hr-6176)
- [114-hr-6045: STOP Act of 2016](https://policyrisk.com/legislation/114-hr-6045)
- [114-hr-5942: Dialysis PATIENTS Demonstration Act of 2016](https://policyrisk.com/legislation/114-hr-5942)
- [114-hr-5621: To posthumously award a Congressional Gold Medal to Lawrence Eugene "Larry" Dob…](https://policyrisk.com/legislation/114-hr-5621)
- [114-hr-5447: Small Business Health Care Relief Act of 2016](https://policyrisk.com/legislation/114-hr-5447)
- [114-hr-5361: To amend the Internal Revenue Code of 1986 to provide for the tax-exempt financ…](https://policyrisk.com/legislation/114-hr-5361)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-3058 (as of 2025-11-18).