,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #ggff  ,,in ,,the ,,house ,,of  
,,representatives  ,july #bc1 #bjbj,mrs4
 ,walorski 7for herself and ,mr4        
,arrington7 introduced the following    
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to increase the research
 tax credit and provide better access to
 the credit for business startups4  #a4 
,increase in research credit and better 
access to credit for startups  7a7      
,credit rate increase  7#a7 ,in general 
,section #da7;a7 of the ,internal       
,revenue ,code of #aihf is amended by   
striking #bj percent and inserting #dj  
percent4  7#b7 ,alternative simplified  
credit ,section #da7;c77#d77;,a7 of such
 ,code is amended by striking #ad       
percent and inserting #bh percent4  7#c7
 ,credit rate in case of no research    
expenses in #c preceding years ,section 
#da7;c77#d77;,b77ii7 of such ,code is   
amended by striking #f percent and      

inserting #a_/b the credit percentage in
 effect under subparagraph 7,a74  7b7   
,modification of small business portion 
allowed against payroll tax  7#a7       
,increase in limitation ,paragraphs     
7#d77;,b77i7 and 7#e77;,b77ii7 of       
section #da7;h7 of such ,code are each  
amended by striking #bej1jjj and        
inserting #ejj1jjj4  7#b7 ,qualified    
small business gross receipts threshold 
,section #da7;h77#c77;,a77i77,i7 of such
 ,code is amended by striking #e1jjj1jjj
 and inserting the dollar amount in     
effect for the taxable year under       
section #ddh7;c77#a74  7c7 ,effective   
dates  7#a7 ,subsection 7a7 ,the        
amendments made by subsection 7a7 shall 
apply to taxable years beginning after  
,december #ca1 #bjbj4  7#b7 ,subsection 
7b7 ,the amendments made by subsection  
7b7 shall apply to taxable years        
beginning after ,december #ca1 #bjai4