H.R.5681 - Innovation Tax Credit Act of 2008

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

  • Short: Innovation Tax Credit Act of 2008 as introduced.
  • Official: To amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness, and for other purposes. 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: 1
  • Past Seven Days: 1
  • All-Time: 1,165
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
04/02/08
 
 
 
 
 
 
 

Official Summary

Innovation Tax Credit Act of 2008 - Amends the Internal Revenue Code to revise the tax credit for increasing research activities by: (1) phasing in increases in the alternative simplified tax credit rate through 2009; (2) establishing a 20% alternative simplified tax credit rate in 2010 in

Official Summary

Innovation Tax Credit Act of 2008 - Amends the Internal Revenue Code to revise the tax credit for increasing research activities by:
(1) phasing in increases in the alternative simplified tax credit rate through 2009;
(2) establishing a 20% alternative simplified tax credit rate in 2010 in lieu of the standard research tax credit rate;
(3) increasing the amount of basic and contract research expenses eligible for such tax credit; and
(4) making such tax credit permanent.

...Read the Rest




Vote on This Bill

-% Users Support Bill

0 in favor / 0 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC