U.S. Congress - H.R.717 Research and Development Tax Credit Act of 2009
H.R.717 - Research and Development Tax Credit Act of 2009
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: 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 Act of 2009 as introduced.
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Official Summary
1/27/2009--Introduced.Research and Development Tax Credit Act of 2009 - 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 yOfficial Summary
1/27/2009--Introduced.Research and Development Tax Credit Act of 2009 - 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.
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H.R.717: Save our Border Communities Act of 2011 - U.S. Congress ...
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 ...
H.R.717: Save our Border Communities Act of 2011 - U.S. Congress ...
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 ...
GOA Report: R&D Tax Credit Needs Redesign
A bill that would make the R&D Tax Credit permanent and increase the simplified option to 20 percent was referred to committee on January 27th this year. HR 717 will likely be heard before the credit expires at the end of the year. ...
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