HR 8253 · 117th Congress · Taxation
Fostering Innovation and Research to Strengthen Tomorrow Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(2022-06-28)
Plain Language 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.…
Summarized by Claude AI · Non-partisan · For informational purposes only