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HR 5681 110th Congress House

Innovation Tax Credit Act of 2008

Official title: To amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness, and for other purposes.

Introduced: April 17, 2008 See on congress.gov
Taxation Income taxResearch and development tax creditScience, Technology, Communications
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 2, 2008
Referred to the House Committee on Ways and Means.
Apr 2, 2008
Introduced in House
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 Latest action April 2, 2008

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Innovation Tax Credit Act of 2008 - Amends the Internal Revenue Code to revise the tax credit for increasing research activities by: (1) phasing in increases in the alternative simplified tax credit rate through 2009; (2) establishing a 20% alternative simplified tax credit rate in 2010 in lieu of the standard research tax credit rate; (3) increasing the amount of basic and contract research expenses eligible for such tax credit; and (4) making such tax credit permanent.

 Related & companion bills 4
  • HR 1712 Related bill Research and Development Tax Credit Act of 2007
  • S 41 Related bill Research Competitiveness Act of 2007
  • S 2209 Related bill Research Credit Improvement Act of 2007
  • S 2884 Related bill Research and Development Tax Credit Improvement Act of 2008
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Lofgren, Zoe
California · Apr 17, 2008
 D
Gillibrand, Kirsten E.
New York · Apr 8, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5681: Innovation Tax Credit Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-5681/
MLA
"H.R. 5681: Innovation Tax Credit Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-5681/.
Bluebook (legal)
H.R. 5681, 110th Cong. (2026), https://openamerica.io/bill/110-HR-5681/.
Markdown link
[H.R. 5681: Innovation Tax Credit Act of 2008](https://openamerica.io/bill/110-HR-5681/)
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