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United States · Bill · HR

H.R. 8253 (117th)

Fostering Innovation and Research to Strengthen Tomorrow Act

referredUnited States· United States Congress· EN

Introduced

28 June 2022

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

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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Documents

3 official files

Introduced in House (text)

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