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S 2884 110th Congress Senate Taxation Commerce Income tax Research and development tax credit Science, Technology, Communications

Research and Development Tax Credit Improvement Act of 2008

Introduced: April 17, 2008 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 17, 2008
Read twice and referred to the Committee on Finance.
Apr 17, 2008
Sponsor introductory remarks on measure. (CR S3155)
Apr 17, 2008
Introduced in Senate
 Plain-English summary Congressional Research Service

Research and Development Tax Credit Improvement 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) extending such credit through 2012.

What's happening now April 17, 2008

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1