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R&D Tax Credit Expansion for Small Businesses

This act aims to make it easier for small and new businesses to claim research and development tax credits. It increases the revenue limit for eligible companies and allows the credit to offset unemployment taxes. This could free up more funds for innovation and job creation within these businesses.
Key points
Increases the gross receipts limit from $5 million to $10 million for small businesses to qualify for the R&D tax credit.
Allows the R&D tax credit to be used against unemployment taxes, potentially providing financial relief to businesses.
Introduces annual inflation adjustments for credit amounts, preserving their value over time.
Simplifies the calculation rules for the credit for qualified small businesses, making it easier to claim.
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Status: Introduced
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Additional Information
Print number: 119_HR_4933
Sponsor: Rep. Neguse, Joe [D-CO-2]
Process start date: 2025-08-08
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Research and Development Tax Credit Expansion Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4933.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-08-08.

What are the main provisions?

Key points include:

  • Increases the gross receipts limit from $5 million to $10 million for small businesses to qualify for the R&D tax credit.
  • Allows the R&D tax credit to be used against unemployment taxes, potentially providing financial relief to businesses.
  • Introduces annual inflation adjustments for credit amounts, preserving their value over time.
  • Simplifies the calculation rules for the credit for qualified small businesses, making it easier to claim.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Neguse, Joe [D-CO-2].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy