US Congress House Bill 880 (Prior Session Legislation)

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Spectrum: Strong Partisan Bill (Republican 30-2-1)
Status: Engrossed on May 21 2015 - 50% progression, died in chamber
Action: 2015-05-21 - Received in the Senate.
Text: Latest bill text (Engrossed) [PDF]

American Research and Competitiveness Act of 2015 (Sec. 2) This bill revises and makes permanent after 2014 the research tax credit. The rate of such credit is modified to equal the sum of 20% of so much of the qualified research expenses for the taxable year as exceeds 50% of the average qualified research expenses for the three preceding taxable years, 20% of so much of the basic research payments for the taxable year as exceeds 50% of the average basic research payments for the three preceding taxable years, plus 20% of amounts paid by a business taxpayer to an energy research consortium for energy research. If a taxpayer has no qualified research expenses in any of the three preceding taxable years, the rate of the tax credit is reduced to 10% of current research expenses. The bill also provides that in the case of an eligible small business (i.e., a corporation whose stock is not publicly traded, a partnership, or a sole proprietorship with annual gross receipts not exceeding $50 million in a three-year period), the research credit may offset alternative minimum tax liability. (Sec. 3) The bill prohibits the entry of the budgetary effects of this Act on either PAYCO scorecard under the Statutory Pay-As-You-Go Act of 2010.

American Research and Competitiveness Act of 2015

Rep. Kevin Brady [R-TX]	Rep. John Larson [D-CT]	Rep. Sam Johnson [R-TX]	Rep. Aaron Schock [R-IL]
Rep. Michael McCaul [R-TX]	Rep. Richard Neal [D-MA]	Rep. Kenny Marchant [R-TX]	Sen. Todd Young [R-IN]
Rep. Tom Reed [R-NY]	Rep. Barbara Comstock [R-VA]	Rep. Rod Blum [R-IA]	Rep. Erik Paulsen [R-MN]
Rep. Mimi Walters [R-CA]	Sen. Kyrsten Sinema [I-AZ]	Rep. Bruce Poliquin [R-ME]	Rep. Ryan Costello [R-PA]
Rep. David Rouzer [R-NC]	Rep. Walter Jones [R-NC]	Rep. Ralph Abraham [R-LA]	Rep. Glenn Grothman [R-WI]
Rep. David Trott [R-MI]	Rep. Alexander Mooney [R-WV]	Rep. Carlos Curbelo [R-FL]	Rep. Tom Emmer [R-MN]
Rep. Thomas MacArthur [R-NJ]	Rep. Stephen Knight [R-CA]	Rep. Robert Dold [R-IL]	Rep. Ann Wagner [R-MO]
Rep. Earl Carter [R-GA]	Rep. Devin Nunes [R-CA]	Rep. Patrick Tiberi [R-OH]	Rep. David Valadao [R-CA]
Rep. Jason Smith [R-MO]

2015-05-20 - House - On Passage (Y: 274 N: 145 NV: 13 Abs: 0) [PASS]
2015-05-20 - House - On Motion to Recommit with Instructions (Y: 181 N: 240 NV: 11 Abs: 0) [FAIL]

Date	Chamber	Action
2015-05-21	Senate	Received in the Senate.
2015-05-20	House	Motion to reconsider laid on the table Agreed to without objection.
2015-05-20	House	On passage Passed by the Yeas and Nays: 274 - 145 (Roll no. 260). (text: CR H3410-3411)
2015-05-20	House	On motion to recommit with instructions Failed by the Yeas and Nays: 181 - 240 (Roll no. 259).
2015-05-20	House	POSTPONED PROCEEDINGS - At the conclusion of debate on the Neal motion to recommit with instructions, the Chair put the question on adoption of the motion to recommit and by voice vote, announced that the noes had prevailed. Mr. Neal demanded the yeas and nays and pursuant to the order of the House of today, the Chair postponed further proceedings on the question of adoption until a time to be announced.
2015-05-20	House	The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H3419)
2015-05-20	House	DEBATE - The House proceeded with 10 minutes of debate on the Neal motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment to extend the research and development tax credit for two years, through December 31, 2016.
2015-05-20	House	Mr. Neal moved to recommit with instructions to the Committee on Ways and Means. (consideration: CR H3418; text: CR H3418)
2015-05-20	House	The previous question was ordered pursuant to the rule. (consideration: CR H3418)
2015-05-20	House	DEBATE - The House proceeded with one hour of debate on H.R. 880.
2015-05-20	House	ORDER OF PROCEDURE - Mr. Ryan (WI) asked unanimous consent that the question of adopting a motion to recommit on H.R. 880 may be subject to postponement as though under clause 8 of rule 20.
2015-05-20	House	The resolution provides for consideration of H.R. 2262 and H.R. 880. In addition, the resolution provides for consideration of motions to suspend the rules; and provides for proceedings during the period from May 22, 2015, through May 29, 2015.
2015-05-20	House	Considered under the provisions of rule H. Res. 273. (consideration: CR H3410-3419, H3490-3491)
2015-05-20	House	Rule H. Res. 273 passed House.
2015-05-19	House	Rules Committee Resolution H. Res. 273 Reported to House. The resolution provides for consideration of H.R. 2262 and H.R. 880. In addition, the resolution provides for consideration of motions to suspend the rules; and provides for proceedings during the period from May 22, 2015, through May 29, 2015.
2015-05-14	House	Placed on the Union Calendar, Calendar No. 79.
2015-05-14	House	Reported (Amended) by the Committee on Ways and Means. H. Rept. 114-113.
2015-02-12	House	Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 12.
2015-02-12	House	Committee Consideration and Mark-up Session Held.
2015-02-11	House	Referred to the House Committee on Ways and Means.
2015-02-11	House	Introduced in House

HR273 (Related) 2015-05-20 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/880/all-info
Text	https://www.congress.gov/114/bills/hr880/BILLS-114hr880ih.pdf
Text	https://www.congress.gov/114/bills/hr880/BILLS-114hr880rh.pdf
Text	https://www.congress.gov/114/bills/hr880/BILLS-114hr880eh.pdf
Roll Call	https://clerk.house.gov/Votes/2015259
Roll Call	https://clerk.house.gov/Votes/2015260