US HB1536 | 2015-2016 | 114th Congress

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 23 2015 - 25% progression, died in committee
Action: 2015-03-23 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Innovation, Research, and Manufacturing Act Amends the Internal Revenue Code, with respect to the tax credit for increasing research activities, to: (1) increase such credit (from the sum of 20% of the excess of qualified research expenses for the taxable year over the base amount, 20% of the basic research payments, and 20% of the amounts paid by the taxpayer in carrying on any trade or business during the taxable year to an energy research consortium for energy research to the sum of 30% of each of those); (2) make such credit permanent; and (3) allow such credit to offset the employment taxes of an eligible small employer, as defined by the Small Business Act.

Tracking Information

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Title

Innovation, Research, and Manufacturing Act

Sponsors


History

DateChamberAction
2015-03-23HouseReferred to the House Committee on Ways and Means.
2015-03-23HouseIntroduced in House

Subjects


US Congress State Sources


Bill Comments

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