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Fostering Innovation and Research to Strengthen Tomorrow Act
Legislative Progress
Momentum (last 30 days)
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0 actions · 0 new cosponsors · 0 votes
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vs 9,698 other HR bills in the 117th — cohort avg 63d
Fostering Innovation and Research to Strengthen Tomorrow Act This bill doubles the rate of the tax credit for increasing research expenses and the alternative simplified research tax credit. It also increases the credit rate for taxpayers with no research expenses during a specified three-year period and the amount of the credit that certain small businesses may apply against payroll tax liabilities.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (2)
2022 · fourth_quarter · Taxation/Internal Revenue Code
Capital gains tax policy, including carried interest; Carried Interest Fairness Act H.R.1068/S.1598; Qualified Small Business Stock; Stock options; Partnership tax policy; Tax assets issues including net operating loss carryforwards and R&D credit; IGNITE American Innovation Act; American Innovation & Jobs Act; American Innovation Act H.R.7503; Start-ups for Cures Act H.R.7504; More Cures Act H.R.7505; Fostering Innovation and Research to Strengthen Tomorrow (FIRST) Act H.R. 8253; Climate and energy tax issues, including production and investment tax credits and Section 45Q; GREEN Act; American Jobs in Energy Manufacturing Act of 2021; Clean Energy for America Act S.1288; Inflation Reduction Act (HR 5376) Public Law No. 117-169.; Ending the Carried Interest Loophole Act S.2617.
Referred to the House Committee on Ways and Means.
Introduced in House
Congress.gov source codes: 1000, Intro-H
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Sources: Congress.gov
Client expense: $790,191 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of, White House Office
2022 · third_quarter · Taxation/Internal Revenue Code
Capital gains tax policy, including carried interest; Carried Interest Fairness Act H.R.1068/S.1598; Qualified Small Business Stock; Stock options; Partnership tax policy; Tax assets issues including net operating loss carryforwards and R&D credit; IGNITE American Innovation Act; American Innovation & Jobs Act; American Innovation Act H.R.7503; Start-ups for Cures Act H.R.7504; More Cures Act H.R.7505; Fostering Innovation and Research to Strengthen Tomorrow (FIRST) Act H.R. 8253; Climate and energy tax issues, including production and investment tax credits and Section 45Q; GREEN Act; American Jobs in Energy Manufacturing Act of 2021; Clean Energy for America Act S.1288; Inflation Reduction Act (HR 5376) Public Law No. 117-169.; Ending the Carried Interest Loophole Act S.2617.
Client expense: $607,142 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of, White House Office
2022 · third_quarter · Taxation/Internal Revenue Code
Capital gains tax policy, including carried interest; Carried Interest Fairness Act H.R.1068/S.1598; Qualified Small Business Stock; Stock options; Partnership tax policy; Tax assets issues including net operating loss carryforwards and R&D credit; IGNITE American Innovation Act; American Innovation & Jobs Act; American Innovation Act H.R.7503; Start-ups for Cures Act H.R.7504; More Cures Act H.R.7505; Fostering Innovation and Research to Strengthen Tomorrow (FIRST) Act H.R. 8253; Climate and energy tax issues, including production and investment tax credits and Section 45Q; GREEN Act; American Jobs in Energy Manufacturing Act of 2021; Clean Energy for America Act S.1288; Inflation Reduction Act (HR 5376) Public Law No. 117-169.; Ending the Carried Interest Loophole Act S.2617.
Client expense: $857,235 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of, White House Office
2022 · second_quarter · Taxation/Internal Revenue Code
ALIGN Act Base Erosion Anti-Abuse Tax (BEAT) Build Back Better Act Business interest deduction Corporate Book Profits Minimum Tax Corporate Tax Rate Deduction of Qualified Business Income Employee Stock Ownership Plan Estate Tax Foreign Tax Credits Full Expensing GILTI H.R. 1304, American Innovation and R&D Competitiveness Act H.R. 5371, S. 1077, Permanently Preserving Americas Investment in Manufacturing Act H.R. 8253, the Fostering Innovation and Research to Strengthen Tomorrow (FIRST) Act Individual Tax Rate Interest Deductibility (163(j) EBITDA Limitation) Interest Deductibility (163(n) Leverage Test) OECD Digital Tax Project Onshoring tax incentives Partnership Taxes R&D Amortization R&D Tax Credit S. 749, American Innovation and Jobs Act Stepped-up Basis Stock Buybacks Excise Tax US-Chile tax treaty Windfall Profits Tax Wyden International Tax Discussion Draft
Client expense: $2,260,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, State, Dept of (DOS)
2022 · second_quarter · Taxation/Internal Revenue Code
Capital gains tax policy, including carried interest; Carried Interest Fairness Act H.R.1068/S.1598; Qualified Small Business Stock; Stock options; Partnership tax policy; Tax assets issues including net operating loss carryforwards and R&D credit; IGNITE American Innovation Act; American Innovation & Jobs Act; American Innovation Act H.R.7503; Start-ups for Cures Act H.R.7504; More Cures Act H.R.7505; Fostering Innovation and Research to Strengthen Tomorrow (FIRST) Act H.R. 8253; Climate and energy tax issues, including production and investment tax credits and Section 45Q; GREEN Act; American Jobs in Energy Manufacturing Act of 2021; Clean Energy for America Act S.1288; the Build Back Better Act, a bill to provide for reconciliation pursuant to title II of the Concurrent Resolution on the Budget for Fiscal Year 2022, S. Con. Res. 14.; Ending the Carried Interest Loophole Act S.2617.
Client expense: $857,235 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Treasury, Dept of, White House Office
| Republican |
| TN |
| Guy Reschenthaler | Republican | PA |
| Jodey C. Arrington | Republican | TX |
| Vern Buchanan | Republican | FL |