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S 2207 116th Congress Senate Taxation Business investment and capital Employment taxes Income tax credits Income tax rates Inflation and prices Research administration and funding Research and development Small business

Research and Development Tax Credit Expansion Act of 2019

Introduced: July 23, 2019 Introduced by: Hassan, Margaret Wood Democratic · New Hampshire See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 23, 2019
Read twice and referred to the Committee on Finance.
Jul 23, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

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.

What's happening now July 23, 2019

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 5520 Identical bill Research and Development Tax Credit Expansion Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Coons, Christopher A.
Delaware · May 4, 2020
 R
Tillis, Thomas
North Carolina · Jul 23, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2207: Research and Development Tax Credit Expansion Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-2207/
MLA
"S. 2207: Research and Development Tax Credit Expansion Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-2207/.
Bluebook (legal)
S. 2207, 116th Cong. (2026), https://openamerica.io/bill/116-S-2207/.
Markdown link
[S. 2207: Research and Development Tax Credit Expansion Act of 2019](https://openamerica.io/bill/116-S-2207/)
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