US Congress House Bill 2821 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Republican 10-5)
Status: Introduced on June 7 2017 - 25% progression, died in committee
Action: 2017-06-07 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]

REACH Act Research and Experimentation Advances Competitiveness at Home Act This bill amends the Internal Revenue Code, with respect to the tax credit for increasing research activities (known as the research and experimentation tax credit), to: increase the alternative simplified credit rate to match the rate of the regular credit; allow taxpayers to use reasonable estimation techniques in lieu of contemporaneous accounting to measure employee hours per business component; allow employees engaging in the direct supervision or direct support of research activities which constitute qualified research to be included in the research expense calculation without regard to the employee's position or management level; allow the credit to be used for research related to the adaptation of an existing business component to a particular customer's requirement or need, cost reduction, or obsolescence mitigation; and allow taxpayers to make an election for a reduced credit (in order to be allowed a full deduction for research expenses) on an amended tax return.

REACH Act Research and Experimentation Advances Competitiveness at Home Act

Rep. Patrick Tiberi [R-OH]	Rep. John Larson [D-CT]	Rep. Jason Smith [R-MO]	Rep. Earl Blumenauer [D-OR]
Rep. Erik Paulsen [R-MN]	Rep. Mike Kelly [R-PA]	Rep. Ron Kind [D-WI]	Rep. Suzanne Bonamici [D-OR]
Rep. Pete Sessions [R-TX]	Rep. Mike Bishop [R-MI]	Rep. Linda Sanchez [D-CA]	Rep. Lynn Jenkins [R-KS]
Rep. David Reichert [R-WA]	Rep. Rod Blum [R-IA]	Rep. Andy Biggs [R-AZ]

Date	Chamber	Action
2017-06-07	House	Referred to the House Committee on Ways and Means.
2017-06-07	House	Introduced in House

SB2197 (Related) 2017-12-06 - Read twice and referred to the Committee on Finance.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/2821/all-info
Text	https://www.congress.gov/115/bills/hr2821/BILLS-115hr2821ih.pdf