Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
116-hr-5520116th Congress
Research and Development Tax Credit Expansion Act of 2019
Sponsored By: Representative Neguse, Joe [D-CO-2]
Unknown
Summary
Research and Development Tax Credit Expansion Act of 2019 This bill modifies the refundable research tax credit for new and small businesses to (1) increase the limit on refundability to $500,000, with an adjustment for inflation; (2) allow refundable amounts to cover all payroll taxes paid by such businesses; and (3) extend eligibility for the credit to small businesses with less than $10 million in gross receipts (currently, less than $5 million). The bill also increases the rate of the alternative simplified tax credit for such businesses.
Personalized for You
How does this bill affect your finances?
Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.
Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Neguse, Joe [D-CO-2]
CO • D
Cosponsors
Rep. Baird, James R. [R-IN-4]
IN • R
Sponsored 3/12/2020
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov