Expand the federal Research and Development tax credit and make it easier for startups and small businesses to use.

The plan says she would expand the federal R&D credit by simplifying calculations and increasing startup and small-business access.

Hassan committed to expanding and simplifying the federal R&D tax credit.

Innovate NH 2.0: A Granite State Roadmap for Fostering Innovation, Supporting Job-Creating Businesses and Expanding Opportunity
campaign · campaign_site · model gpt-5.5

The 119th Congress bill introduced by Sen. Young with Sen. Hassan would restore immediate expensing for research and development, raise the small-business research credit rules, and expand startup eligibility from 5 to 8 taxable years and from $5 million to $15 million in gross receipts. The bill was introduced and referred to the Senate Finance Committee.

This is Hassan's concrete legislative attempt to deliver the promise, but it did not advance beyond introduction in the source record.

unresolved later_term A for effort

S. 1639 (IS) - American Innovation and Jobs Act - GovInfo
secondary · model gpt-5.4-mini · confidence 94%

CRS says eligible small businesses can offset unused R&D credits against employer Social Security payroll tax, and that P.L. 119-21 restored R&D expensing and basis adjustment starting in 2026. The report also notes policy options to make the credit more available to startups, including payroll-tax offsets, refundability, or removing credit limits.

Current federal law already includes a startup payroll-tax path and restored R&D expensing, but CRS still treats broader startup access and credit expansion as policy options rather than completed changes.

partial later_term

The Federal Research and Development (R&D) Tax Credit | Congress.gov | Library of Congress
secondary · model gpt-5.4-mini · confidence 91%