H.R.1773 - Made in America Act of 2011

To amend the Internal Revenue Code of 1986 to make the research credit permanent, increase expensing for small businesses, reduce corporate tax rates, and for other purposes. view all titles (2)

All Bill Titles

  • Official: To amend the Internal Revenue Code of 1986 to make the research credit permanent, increase expensing for small businesses, reduce corporate tax rates, and for other purposes. as introduced.
  • Short: Made in America Act of 2011 as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
05/05/11
 
 
 
 
 
 
 

Official Summary

Made in America Act of 2011 - Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities; (2) increase to 20% the rate of the alternative simplified tax credit for research expenses and repeal the taxpayer election to take an alternative increm

Official Summary

Made in America Act of 2011 - Amends the Internal Revenue Code to:
(1) make permanent the tax credit for increasing research activities;
(2) increase to 20% the rate of the alternative simplified tax credit for research expenses and repeal the taxpayer election to take an alternative incremental credit for such expenses;
(3) make permanent the increased expensing allowance for depreciable business property; and
(4) reduce to 30% the maximum income tax rate for corporations, including personal service corporations. Directs the Comptroller General to conduct studies of:
(1) the impact of workplace employee health care facilities on employee health and and productivity, and
(2) the best practices for encouraging college graduates from rural areas to return to those areas after graduation.

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