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117-hr-8253117th Congress

Fostering Innovation and Research to Strengthen Tomorrow Act

Sponsored By: Representative Walorski, Jackie [R-IN-2]

Unknown

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.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & CoSponsors

Sponsor

Walorski, Jackie [R-IN-2]

IN • R

Cosponsors

  • Rep. Arrington, Jodey C. [R-TX-19]

    TX • R

    Sponsored 6/28/2022

  • Rep. Reschenthaler, Guy [R-PA-14]

    PA • R

    Sponsored 7/1/2022

  • Rep. Buchanan, Vern [R-FL-16]

    FL • R

    Sponsored 7/12/2022

  • Rep. Kustoff, David [R-TN-8]

    TN • R

    Sponsored 7/14/2022

  • Rep. Van Duyne, Beth [R-TX-24]

    TX • R

    Sponsored 7/26/2022

  • Rep. Ferguson, A. Drew, IV [R-GA-3]

    GA • R

    Sponsored 7/26/2022

  • Rep. LaHood, Darin [R-IL-16]

    IL • R

    Sponsored 8/2/2022

Roll Call Votes

No roll call votes available for this bill.

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