H.R.3428: To amend the Internal Revenue Code of 1986 to allow an increased credit for development and to extend and simplify the credit for increasing research.

About This Bill

  • Introduced Oct. 30, 2013
  • Latest Major Action Oct. 30, 2013

Bill Cosponsor

Bill Summary

Amends the Internal Revenue Code to: (1) allow through 2018 a new business-related tax credit for an increase in expenditures for qualified development expenses (defined as the sum of any in-house and contract development expenses incurred in the trade or business of a taxpayer), (2) increase to 20% the rate of the alternative simplified research tax credit, and (3) extend through 2018 the tax credit for increasing research activities.

(Source: Library of Congress)

Bill Actions

Date Description
Oct. 30, 2013
Referred to the House Committee on Ways and Means.
Oct. 30, 2013

Introduced in the House by David McKinley (R-W.Va.)

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