To amend the Internal Revenue Code of 1986 to increase the research tax credit and provide better access to the credit for business startups.
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.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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