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- H.R.1712
H.R.1712: Research and Development Tax Credit Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about congress
- Introduced March 27, 2007
- Latest Major Action March 27, 2007
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Research and Development Tax Credit Act of 2007 - 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...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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March 27, 2007 |
Introduced in the House by Eddie Bernice Johnson (D-Texas) |