H.R.2138 - Investment in America Act of 2007

To amend the Internal Revenue Code of 1986 to permanently extend the research credit and strengthen the alternative simplified credit for qualified research expenses. view all titles (2)

All Bill Titles

  • Short: Investment in America Act of 2007 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to permanently extend the research credit and strengthen the alternative simplified credit for qualified research expenses. as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
05/03/07
 
 
 
 
 
 
 

Sponsor

Representative

Sander Levin

D-MI

View Co-Sponsors (167)

Official Summary

Investment in America Act of 2007 - Amends the Internal Revenue Code to: (1) increase from 12 to 20% the rate of the alternative simplified tax credit for research expenses; (2) make permanent the tax credit for increasing research activities; and (3) repeal the alternative incremental tax

Official Summary

Investment in America Act of 2007 - Amends the Internal Revenue Code to:
(1) increase from 12 to 20% the rate of the alternative simplified tax credit for research expenses;
(2) make permanent the tax credit for increasing research activities; and
(3) repeal the alternative incremental tax credit for research expenses.

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