S 627
109th Congress
Senate
Taxation
Commerce
Corporation taxes
Income tax
Research and development tax credit
Science, Technology, Communications
Investment in America Act of 2005
Introduced: March 15, 2005
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 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
Plain-English summary
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.
What's happening now
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2741-2742)
Committees of jurisdiction
1