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- S.2720
S.2720: Research Competitiveness Act of 2006
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced May 4, 2006
- Latest Major Action Sept. 14, 2006
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Research Competitiveness Act of 2006 - Amends the Internal Revenue Code to: (1) modify the tax credit for increasing research expenses to establish a standard 20% credit rate for research expenses exceeding 50% of average expenses over the preceding three year period; (2) establish a uniform 80% reimbursement rate for all contract research expenses (100% for basic research payments); (3) make such tax credit permanent; (4) allow a tax credit...
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Sponsor introductory remarks on measure.
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| May 4, 2006 |
Introduced in the Senate by Max Baucus (D-Mont.) |