U.S. Congress - S.41 Research Competitiveness Act of 2007
S.41 - Research Competitiveness Act of 2007
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 Competitiveness Act of 2007 as introduced.
This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.
Bill's Views
- Today: 2
- Past Seven Days: 5
- All-Time: 757
|
|
|
|
|
|
|
|
Committees
Official Summary
1/4/2007--Introduced.Research Competitiveness Act of 2007 - Amends the Internal Revenue Code to: (1) modify the tax credit for increasing research expenses to establish a standard 20% credit rate for research expenses exceeding 50% of average expenses over the preceding three year period;Official Summary
1/4/2007--Introduced.Research Competitiveness Act of 2007 - Amends the Internal Revenue Code to:
(1) modify the tax credit for increasing research expenses to establish a standard 20% credit rate for research expenses exceeding 50% of average expenses over the preceding three year period;
(2) establish a uniform 80% reimbursement rate for all contract research expenses (100% for basic research payments);
(3) make such tax credit permanent;
(4) allow a tax credit for equity investments in small business innovation companies; and
(5) allow the issuance of tax exempt facility bonds for research park facilities used in connection with research and experimentation.
Directs the Secretary of the Treasury to:
(1) study and report to Congress on taxpayer compliance with the substantiation requirements for claiming the tax credit for increasing research activities; and
(2) issue regulations on the application of private activity bond rules to the funding of federal research agreements.
...Read the Rest
Recent News Coverage
Hmmmm, no news coverage found for this bill at this time. This means that this this bill has not yet been mentioned on a publicly-searchable news website by either its official number (for example, "H.R. 3200") or title (for example, "America's Affordable Health Choices Act of 2009"). As soon as that changes, our daily automated search across the Web will catch it and include it here. If this bill is of interest to you, you can write a letter to the editor referring to this bill by name, and if your letter is published on the Web, a link back your letter will appear here within about one day. Or, if you know of a news article about this bill to display here, email us the web address of this page and the web address of your suggested news article: Our editorial team will post relevant links as quickly as possible. Thanks for helping to build public knowledge about Congress.
Recent Blog Coverage
S. 41: A bill to require a 50-hour workweek for Federal prison ...
A bill in the US Congress: A bill to require a 50-hour workweek for Federal prison inmates, to reform inmate work programs, and for other purposes.
âHang Outâ with GALA
To an audience of about twenty, Lee gave an animated presentation about the âRight to Dryâ bill (S.41) and how simple lifestyle modifications, including air-drying oneâs clothes, reduce our dependence on environmentally and culturally ...
Raise a Rope for Climate Hope
First, Alex Lee, Founding Director of Project Laundry List will give a presentation to raise awareness about the âRight to Dryâ bill (S.41). At the presentation, attendees will have the opportunity to register for a free clothesline of ...
Vote on This Bill
-
Share This Bill
More Share via Email
