United States · Bill · HR
H.R. 5056 (118th)
Fostering Innovation and Research to Strengthen Tomorrow Act
Introduced
27 July 2023
Last action
—
Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
24 July 2024
Summary
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.
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Votes
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Versions
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 27 July 2023
Introduced in House (PDF)
Introduced in House · EN · 27 July 2023
Introduced in House
summary · EN · 27 July 2023
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/118th-congress/house-bill/5056
- Open data entity: https://api.congress.gov/v3/bill/118/hr/5056