# 119-hr-4933: Research and Development Tax Credit Expansion Act of 2025

119-hr-4933, Research and Development Tax Credit Expansion Act of 2025, is a 119th Congress bill sponsored by Rep. Neguse, Joe [D-CO-2] (D-CO); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-4933
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-4933
- Congress: 119
- Title: Research and Development Tax Credit Expansion Act of 2025
- Status: introduced
- Introduced: 2025-08-08
- Sponsor: Rep. Neguse, Joe [D-CO-2] (D-CO)
- Cosponsors: 0
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2026-04-21

## Summary

**Expands and simplifies the refundable research and development tax credit for new and small businesses.** This bill would raise eligibility limits, create an inflation adjustment, boost simplified credit rates for qualifying firms, and allow certain startups to use the credit against unemployment taxes. - Small and new businesses: It would increase the qualified small business gross receipts cap from $5 million to $10 million and add a prior‑year annual test of $25,000 to tighten eligibility tests. These changes aim to let more small firms claim a refundable credit. - Startups and payroll treatment: The bill would let qualified small businesses treat the R&D credit as refundable against unemployment taxes and creates a new unemployment‑tax credit mechanism to support monetization. - Credit calculation and simplification: Under the alternative simplified credit rules it would raise the rate to 20% for qualified small businesses, offer a 20% first‑year rule when there were no prior qualified research expenses, and provide elective options for a 10% alternative or limited lookback when computing the credit.

## Provisions PRIA read

- More and bigger R&D credit for small firms: benefit, high. If enacted, more firms would count as a qualified small business for the R&D credit. The annual gross receipts limit would rise to $10,000,000, and a firm must not have more than $25,000 in gross receipts in any year before the 10-year lookback. Gross receipts follow tax rules and exclude most capi…
- Use R&D credit to cut unemployment tax: benefit, high. If enacted, small employers could apply the refundable R&D credit to the federal unemployment tax. Any amount used this way would be treated as an unemployment tax credit, with a specific existing limit not applying. This option would start for tax years beginning after December 31, 2025. The bill…

## Related bills

- 119-hr-3151: SHIPS for America Act of 2025
- 119-hr-7977: Energy Bills Relief Act
- 119-hr-10061: Wildfire Response and Readiness Act
- 119-hr-7973: Momnibus Act
- 119-hr-9070: OPEN Act
- 119-hr-5782: Western Wildfire Support Act of 2025

## Sources
- [119-hr-4933 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/4933)

## Related
- [119-hr-3151: SHIPS for America Act of 2025](https://policyrisk.com/legislation/119-hr-3151)
- [119-hr-7977: Energy Bills Relief Act](https://policyrisk.com/legislation/119-hr-7977)
- [119-hr-10061: Wildfire Response and Readiness Act](https://policyrisk.com/legislation/119-hr-10061)
- [119-hr-7973: Momnibus Act](https://policyrisk.com/legislation/119-hr-7973)
- [119-hr-9070: OPEN Act](https://policyrisk.com/legislation/119-hr-9070)
- [119-hr-5782: Western Wildfire Support Act of 2025](https://policyrisk.com/legislation/119-hr-5782)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-4933 (as of 2026-04-21).