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S 627 109th Congress Senate

Investment in America Act of 2005

Official title: A bill to amend the Internal Revenue Code of 1986 to permanently extend the research credit, to increase the rates of the alternative incremental credit, and t… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to permanently extend the research credit, to increase the rates of the alternative incremental credit, and to provide an alternative simplified credit for qualified research expenses.

Introduced: July 26, 2005 See on congress.gov
Taxation CommerceCorporation taxesIncome taxResearch and development tax creditScience, Technology, Communications
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) 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
Mar 15, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2741-2742)
Mar 15, 2005
Sponsor introductory remarks on measure. (CR S2740-2741)
Mar 15, 2005
Introduced in Senate
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 Latest action March 15, 2005

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2741-2742)

 Plain-English summary Congressional Research Service

Investment in America Act of 2005 - Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities; (2) increase the rates of the alternative incremental credit for certain research expenses; and (3) permit a taxpayer election of an alternative simplified tax credit for research expenses in lieu of the standard tax credit for increasing research activities.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 9
All 9 Democratic 4 Republican 5
R
Cornyn, John
Texas · Dec 15, 2005
 D
Wyden, Ron
Oregon · Sep 6, 2005
 R
Collins, Susan M.
Maine · Jul 26, 2005
 D
Murray, Patty
Washington · Jun 30, 2005
 R
Graham, Lindsey
South Carolina · Jun 13, 2005
 R
Crapo, Mike
Idaho · May 10, 2005
 D
Cantwell, Maria
Washington · Apr 12, 2005
 R
Grassley, Chuck
Iowa · Mar 15, 2005
 D
Schumer, Charles E.
New York · Mar 15, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). S. 627: Investment in America Act of 2005. 109th Congress. Open America. https://openamerica.io/bill/109-S-627/
MLA
"S. 627: Investment in America Act of 2005." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-627/.
Bluebook (legal)
S. 627, 109th Cong. (2026), https://openamerica.io/bill/109-S-627/.
Markdown link
[S. 627: Investment in America Act of 2005](https://openamerica.io/bill/109-S-627/)
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