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H.R. 8253

BillFederalHouseIn Committee
To amend the Internal Revenue Code of 1986 to increase the research tax credit and provide better access to the credit for business startups.
About This Bill
Committee
Latest Action · June 28, 2022
Referred to the House Committee on Ways and Means.
Congress
117th (2021–2023)
Introduced
June 28, 2022
Cosponsors (7)
0D 7R
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Summary

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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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