HR 1328
106th Congress
House
Taxation
Business income tax
Commerce
Income tax
Research and development tax credit
Science, Technology, Communications
Public Benefit Collaborative Research Tax Credit Act of 1999
Introduced: March 25, 1999
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 25, 1999
Referred to the House Committee on Ways and Means.
Mar 25, 1999
Sponsor introductory remarks on measure. (CR E580-581)
Mar 25, 1999
Introduced in House
Plain-English summary
Public Benefit Collaborative Research Tax Credit Act of 1999 - Amends the Internal Revenue Code to extend the tax credit for increasing research activities to 20 percent of expenses attributable during the taxable year (including as contributions) to a qualified collaborative research consortium. Defines such a consortium as a tax-exempt, non-private organization operated primarily to conduct scientific research, contributions to which during the taxable year by at least 15 unrelated persons meet specified limits.
Repeals the contract research expense limitation applicable to such consortia.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1