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- S.2209
S.2209: Research Credit Improvement Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced Oct. 19, 2007
- Latest Major Action Oct. 19, 2007
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
21 (9 Democrats, 1 Independent Democrat, 12 Republicans)
Bill Summary
Research Credit Improvement Act of 2007 - 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)...
(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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| Oct. 19, 2007 |
Introduced in the Senate by Orrin G. Hatch (R-Utah) |