US HB3428 | 2013-2014 | 113th Congress
Status
Spectrum: Bipartisan Bill
Status: Introduced on October 30 2013 - 25% progression, died in committee
Action: 2013-10-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on October 30 2013 - 25% progression, died in committee
Action: 2013-10-30 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Amends the Internal Revenue Code to: (1) allow through 2018 a new business-related tax credit for an increase in expenditures for qualified development expenses (defined as the sum of any in-house and contract development expenses incurred in the trade or business of a taxpayer), (2) increase to 20% the rate of the alternative simplified research tax credit, and (3) extend through 2018 the tax credit for increasing research activities.
Title
To amend the Internal Revenue Code of 1986 to allow an increased credit for development and to extend and simplify the credit for increasing research.
Sponsors
Rep. David McKinley [R-WV] | Rep. William Enyart [D-IL] |
History
Date | Chamber | Action |
---|---|---|
2013-10-30 | House | Referred to the House Committee on Ways and Means. |
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/house-bill/3428/all-info |
Text | https://www.congress.gov/113/bills/hr3428/BILLS-113hr3428ih.pdf |