S 1803
106th Congress
Senate
Taxation
Business income tax
Commerce
Income tax
Puerto Rico
Research and development tax credit
Science, Technology, Communications
Territories (U.S.)
A bill to amend the Internal Revenue Code of 1986 to extend permanently and expand the research tax credit.
Introduced: October 27, 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
Oct 27, 1999
Read twice and referred to the Committee on Finance.
Oct 27, 1999
Sponsor introductory remarks on measure. (CR S13262)
Oct 27, 1999
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to repeal the June 30, 1999, termination date for the research tax credit. Increases by one percent the alternative incremental tax credit for qualified research. Extends such credit to qualified research performed after December 31, 1999, in Puerto Rico or any other U.S. possession.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1