S 1203 111th Congress Senate

GROWTH Act

Official title: A bill to amend the Internal Revenue Code of 1986 to extend the research credit through 2010 and to increase and make permanent the alternative simplified research credit, and for other purposes.

Introduced: February 25, 2010 See on congress.gov

Taxation Income tax creditsResearch and development

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 8, 2009

Read twice and referred to the Committee on Finance.

Jun 8, 2009

Sponsor introductory remarks on measure. (CR S6265-6266)

Jun 8, 2009

Introduced in Senate

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Latest action June 8, 2009

Read twice and referred to the Committee on Finance.

Plain-English summary Congressional Research Service

Grow Research Opportunities With Taxcredits' Help Act or GROWTH Act - Amends the Internal Revenue Code to: (1) extend the tax credit for increasing research activities through 2010; (2) modify the rate of such credit and make such modified credit permanent after 2010; and (3) increase to 20% the rate of the alternative simplified research tax credit after 2010.

Bill text 1 version