United States · Bill · HR
H.R. 6344 (117th)
Research and Development Tax Credit Expansion Act of 2021
Introduced
23 December 2021
Last action
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Status
Referred to the House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Research and Development Tax Credit Expansion Act of 2021 This bill modifies the refundable research tax credit for new and small businesses to (1) increase the limit on refundability to $500,000, with an adjustment for inflation; (2) allow refundable amounts to cover all payroll taxes paid by such businesses; and (3) extend eligibility for the credit to small businesses with less than $10 million in gross receipts (currently, less than $5 million). The bill also increases the rate of the alternative simplified tax credit for such businesses.
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Documents
3 official files
Introduced in House (text)
Introduced in House (text)
Introduced in House · EN · 23 December 2021
Introduced in House (PDF)
Introduced in House · EN · 23 December 2021
Introduced in House
summary · EN · 23 December 2021
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/117th-congress/house-bill/6344
- Open data entity: https://api.congress.gov/v3/bill/117/hr/6344