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]

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.

Tracking Information

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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


History

DateChamberAction
2013-10-30HouseReferred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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