Innovation, Research, and Manufacturing Act
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Innovation, Research, and Manufacturing Act - Amends the Internal Revenue Code, with respect to the tax credit for increasing research activities, to: (1) increase such credit (from the sum of 20% of the excess of qualified research expenses for the taxable year over the base amount, 20% of the basic research payments, and 20% of the amounts paid by the taxpayer in carrying on any trade or business during the taxable year to an energy research consortium for energy research to the sum of 30% of each of those); (2) make such credit permanent; and (3) allow such credit to offset the employment taxes of an eligible small employer, as defined by the Small Business Act.
Referred to the House Committee on Ways and Means.
- Introduced in House Formatted Text PDF Formatted XML
Cite this page
U.S. Congress. (2026). H.R. 3640: Innovation, Research, and Manufacturing Act. 113th Congress. Open America. https://openamerica.io/bill/113-HR-3640/
"H.R. 3640: Innovation, Research, and Manufacturing Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-HR-3640/.
H.R. 3640, 113th Cong. (2026), https://openamerica.io/bill/113-HR-3640/.
[H.R. 3640: Innovation, Research, and Manufacturing Act](https://openamerica.io/bill/113-HR-3640/)