To amend the Internal Revenue Code of 1986 to enhance tax benefits for research activities.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill reduces a tax deduction, tax rate change, compliance mandate provision: 2, expands a tax deduction, compliance mandate, procurement provision: 174, and expands a compliance mandate provision: 3. Expanding refundable research credit for new and small businesses Subclause (I) of section 41(h)(4)(B)(i) of the Internal Revenue Code of 1986 is amended by striking $250,000. It relies on compliance mandates, tax deductions, tax rate changes, and procurement rules. The main policy areas are Energy and Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Reduces a tax deduction, tax rate change, compliance mandate provision: 2.
- Expands a tax deduction, compliance mandate, procurement provision: 174.
- Expands a compliance mandate provision: 3. Expanding refundable research credit for new and small businesses Subclause (I) of section 41(h)(4)(B)(i) of the Internal Revenue Code of 1986 is amended by striking $250,000...
- Adds or tightens a compliance mandate, definition change provision: 4.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill reduces a tax deduction, tax rate change, compliance mandate provision: 2, expands a tax deduction, compliance mandate, procurement provision: 174, and expands a compliance mandate provision: 3. Expanding refundable research credit for new and small businesses Subclause (I) of section 41(h)(4)(B)(i) of the Internal Revenue Code of 1986 is amended by striking $250,000.
Key Policy Areas
Energy, Finance
Primary Purpose
The bill reduces a tax deduction, tax rate change, compliance mandate provision: 2, expands a tax deduction, compliance mandate, procurement provision: 174, and expands a compliance mandate provision: 3. Expanding refundable research credit for new and small businesses Subclause (I) of section 41(h)(4)(B)(i) of the Internal Revenue Code of 1986 is amended by striking $250,000.
Policy Domains
Sponsors
Legislative Progress
IntroducedMr. Young (for himself, Ms. Hassan, Mr. Lankford, Mrs. Shaheen, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_secretary"
- → The Secretary identified in the operative section
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology