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S 2209 110th Congress Senate Taxation Income tax Research and development tax credit Science, Technology, Communications

Research Credit Improvement Act of 2007

Introduced: October 19, 2007 See on congress.gov
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 19, 2007
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13154-13155)
Oct 19, 2007
Sponsor introductory remarks on measure. (CR S13153-13154)
Oct 19, 2007
Introduced in Senate
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 Plain-English summary Congressional Research Service

Research Credit Improvement Act of 2007 - 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.

What's happening now October 19, 2007

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S13154-13155)

 Related & companion bills 4
  • HR 1712 Related bill Research and Development Tax Credit Act of 2007
  • HR 5681 Related bill Innovation Tax Credit Act of 2008
  • S 41 Related bill Research Competitiveness 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 4
All 4 Democratic 3 Republican 1
D
Wyden, Ron
Oregon · May 15, 2008
 D
Schumer, Charles E.
New York · Mar 10, 2008
 D
Cantwell, Maria
Washington · Oct 19, 2007
 R
Crapo, Mike
Idaho · Oct 19, 2007
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2209: Research Credit Improvement Act of 2007. 110th Congress. Open America. https://openamerica.io/bill/110-S-2209/
MLA
"S. 2209: Research Credit Improvement Act of 2007." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-S-2209/.
Bluebook (legal)
S. 2209, 110th Cong. (2026), https://openamerica.io/bill/110-S-2209/.
Markdown link
[S. 2209: Research Credit Improvement Act of 2007](https://openamerica.io/bill/110-S-2209/)
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