S 3593
Forward act
Forward Act
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- Passed Senate
- Passed House
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- Became Law
Bill overview
The Forward Act aims to boost research and development investments by modifying the existing business expense tax credit. It increases the maximum amount of gross receipts eligible for the credit, extends the period over which receipts are considered, removes certain credit carryforwards, and expands the types of expenses included as qualified research costs. The bill also increases the credit rate for collaborative research projects and provides for enhanced support and training for small businesses regarding these tax credits, including appropriations to support these efforts.
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Primary sponsor
Cosponsors
Pat Roberts
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