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- S.2207
S.2207: Research and Development Tax Credit Expansion Act of 2019
About This Bill
- Introduced July 23, 2019
- Latest Major Action July 23, 2019
Bill Sponsor
Bill Version
- Introduced in Senate - July 23, 2019
Bill 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...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
July 23, 2019 |
Read twice and referred to the Committee on Finance.
|
July 23, 2019 |
Introduced in the Senate by Margaret Hassan (D-N.H.) |