To amend the Internal Revenue Code of 1986 to increase the research tax credit and provide better access to the credit for business startups.

[AI summary unavailable — showing source text] This bill increases from 20% to 40% the rate of the tax credit for increasing research activities. It also increases the rate of the alternative simplified research credit and the credit rate where there have been no research expenses for the preceding three years. The bill also increases the amount of research expenses for purposes of calculating the payroll tax credit allowed to certain small businesses.…