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HR 6685 118th Congress House Taxation

Research and Development Tax Credit Expansion Act of 2023

Introduced: December 7, 2023 Introduced by: Neguse, Joe Democratic · Colorado See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Dec 7, 2023
Referred to the House Committee on Ways and Means.
Dec 7, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

Research and Development Tax Credit Expansion Act of 2023

This bill modifies the refundable research tax credit for new and small businesses to (1) provide for an inflation adjustment to the limit on credit refundability; (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 December 7, 2023

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6685: Research and Development Tax Credit Expansion Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-6685/
MLA
"H.R. 6685: Research and Development Tax Credit Expansion Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-6685/.
Bluebook (legal)
H.R. 6685, 118th Cong. (2026), https://openamerica.io/bill/118-HR-6685/.
Markdown link
[H.R. 6685: Research and Development Tax Credit Expansion Act of 2023](https://openamerica.io/bill/118-HR-6685/)
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