Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.2049
H.R.2049: To amend the Internal Revenue Code of 1986 to permit taxpayers to elect a nonincremental credit for 5 percent of their aerospace-related research expenditures in lieu of the incremental research credit.
About This Bill
- Introduced May 10, 1993
- Latest Major Action May 10, 1993
Bill Sponsor
Bill Cosponsor
Bill Summary
Amends the Internal Revenue Code to permit taxpayers to elect a nonincremental credit for five percent of the qualified research expenses which are attributable to their aerospace-related business in lieu of the incremental research credit. Limits such election to the first two taxable years after enactment of this Act.
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
Referred to the House Committee on Ways and Means.
|
|
May 10, 1993 |
Introduced in the House by Nancy Lee Johnson (R-Conn.) |