S.239: Innovate America Act

About This Bill

Bill Summary

Innovate America Act - Amends the Internal Revenue Code to: (1) revise the definition of "basic research," for purposes of the research tax credit, to remove the prohibition against such research having a specific commercial objective; and (2) provide a tax credit for charitable contributions of equipment to secondary schools and technical and community colleges. Directs the Secretary of Commerce to establish the the Innovation Technology...

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Finance.
Jan. 31, 2011

Introduced in the Senate by Amy Klobuchar (D-Minn.)

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