Fostering Innovation and Research to Strengthen Tomorrow Act
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2022
Committee Review
Floor Vote
President
Introduced Jun 28, 2022
Last action Jun 28, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Jun 28, 2022
Committee
Referred to the House Committee on Ways and Means.
lower
Jun 28, 2022
Introduced
Introduced in House
lower
1 primary · 7 co-sponsors
Sponsors
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