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- S.41
S.41: Research Competitiveness Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about congress
- Introduced Jan. 4, 2007
- Latest Major Action Jan. 4, 2007
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
6 (6 Democrats, 1 Republican)
Bill Summary
Research Competitiveness 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 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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| Jan. 4, 2007 |
Introduced in the Senate by Max Baucus (D-Mont.) |