Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- S.1049
S.1049: American Breakthrough Research Act of 2001
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced June 14, 2001
- Latest Major Action June 14, 2001
Bill Sponsor
Bill Summary
American Breakthrough Research Act of 2001 - Amends the Internal Revenue Code to allow a qualified research corporation to elect a refundable credit in the amount of the sum of the discounted research credits and discounted research net operating loss (NOL) in lieu of taking its research credits and research NOLs. (Defines terms for purposes of such credit.)Prohibits an electing corporation from using nonrelinquished research or NOL tax...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Sponsor introductory remarks on measure.
|
|
|
Read twice and referred to the Committee on Finance.
|
|
| June 14, 2001 |
Introduced in the Senate by Robert G. Torricelli (D-N.J.) |