Bill117th CongressFiled Jun 28, 2022Taxation
H.R. 8253
Fostering Innovation and Research to Strengthen Tomorrow Act
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Jun 28, 2022)
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.
What just happenedJun 28, 2022
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. Walorski, Jackie [R-IN-2](R-IN)Sponsor
7 cosponsors7 R
7cosponsors1committees3actions
- Introduced in HouseJun 28, 2022
- Jun 28, 2022IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Jun 28, 2022IntroReferralIntro-H
Introduced in House
- Jun 28, 2022IntroReferral1000
Introduced in House