S 37 ISCommentsClose CommentsPermalink

To amend the Internal Revenue Code of 1986 to permanently extend the research credit.CommentsClose CommentsPermalink

January 6, 2009CommentsClose CommentsPermalink

Mr. MCCAIN introduced the following bill; which was read twice and referred to the Committee on FinanceCommentsClose CommentsPermalink

To amend the Internal Revenue Code of 1986 to permanently extend the research credit.CommentsClose CommentsPermalink

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,CommentsClose CommentsPermalink

SECTION 1. PERMANENT EXTENSION OF RESEARCH CREDIT.

(a) In General- Section 41 of the Internal Revenue Code of 1986 is amended by striking subsection (h).CommentsClose CommentsPermalink





(b) Conforming Amendment- Paragraph (1) of section 45C(b) of the Internal Revenue Code of 1986 is amended by striking subparagraph (D).CommentsClose CommentsPermalink





(c) Effective Date- The amendments made by this section shall apply to taxable years beginning after December 31, 2009.CommentsClose CommentsPermalink