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- S.2884
S.2884: Research and Development Tax Credit Improvement Act of 2008
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced April 17, 2008
- Latest Major Action April 17, 2008
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Research and Development Tax Credit Improvement Act of 2008 - 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...
(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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| April 17, 2008 |
Introduced in the Senate by Susan Collins (R-Maine) |