U.S. Congress - S.2884 Research and Development Tax Credit Improvement Act of 2008
S.2884 - Research and Development Tax Credit Improvement Act of 2008
A bill to amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness, and for other purposes. view all titles (2)
All Bill Titles
- Official: A bill to amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness, and for other purposes. as introduced.
- Short: Research and Development Tax Credit Improvement Act of 2008 as introduced.
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Official Summary
4/17/2008--Introduced.Research and Development Tax Credit Improvement Act of 2008 - Amends the Internal Revenue Code to revise the tax credit for increasing research activities by: (1) phasing in increases in the alternative simplified tax credit rate through 2009; (2) establishing a 20% aOfficial Summary
4/17/2008--Introduced.Research and Development Tax Credit Improvement Act of 2008 - Amends the Internal Revenue Code to revise the tax credit for increasing research activities by:
(1) phasing in increases in the alternative simplified tax credit rate through 2009;
(2) establishing a 20% alternative simplified tax credit rate in 2010 in lieu of the standard research tax credit rate;
(3) increasing the amount of basic and contract research expenses eligible for such tax credit; and
(4) extending such credit through 2012.
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A bill in the US Congress: A bill to amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness, and for other purposes.
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