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S 2484 100th Congress Senate Taxation Business and commerce Corporation taxes Corporations and Stocks Economics and Public Finance Entrepreneurs Gross national product Income tax Indexing (Economic policy) Inflation Research and development Research and development tax credit Science and technology Small business Tax credits

Research and Experimental Credit Extension and Reform Act of 1988

Introduced: June 8, 1988 See on congress.gov
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This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 12, 1988
Subcommittee on Taxation and Debt Management. Hearings held.
Jun 8, 1988
Read twice and referred to the Committee on Finance.
Jun 8, 1988
Introduced in Senate
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 Plain-English summary Congressional Research Service

Research and Experimental Credit Extension and Reform Act of 1988 - Amends the Internal Revenue Code to make permanent the income tax credit for qualified research expenditures by repealing the provisions that would terminate the credit for expenses incurred or paid after 1988.

Revises the method for computing: (1) base period research expenses, adding a factor reflecting the gross national product growth rate; and (2) the tax credit, adding an alternative computation component.

Applies the credit to in-house research expenses that the taxpayer pays or incurs for the principal purpose of using the research results in the active conduct of a future trade or business.

What's happening now July 12, 1988

Subcommittee on Taxation and Debt Management. Hearings held.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Jun 8, 1988
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2484: Research and Experimental Credit Extension and Reform Act of 1988. 100th Congress. Open America. https://openamerica.io/bill/100-S-2484/
MLA
"S. 2484: Research and Experimental Credit Extension and Reform Act of 1988." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-S-2484/.
Bluebook (legal)
S. 2484, 100th Cong. (2026), https://openamerica.io/bill/100-S-2484/.
Markdown link
[S. 2484: Research and Experimental Credit Extension and Reform Act of 1988](https://openamerica.io/bill/100-S-2484/)
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