HOUSE 5056118th CongressReferred to the House Committee on Ways and Means.
Fostering Innovation and Research to Strengthen Tomorrow Act
- Last Action
- 7/27/2023
Actions
- 2023-07-27Referred to the House Committee on Ways and Means.
- 2023-07-27Introduced in House
- 2023-07-27Introduced in House
CRS Summary
As of 2023-07-27 (00)
Fostering Innovation and Research to Strengthen Tomorrow Act
This bill doubles the rate of the tax credit for increasing research expenses and the alternative simplified research tax credit. It also increases the credit rate for taxpayers with no research expenses during a specified three-year period and the amount of the credit that certain small businesses may apply against payroll tax liabilities.
Cosponsors (3)
- Vern Buchanan (R-FL)
- Randy Feenstra (R-IA)
- Carol Miller (R-WV)
Sourced from Congress.gov (public domain).
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