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HR 871 112th Congress House Taxation Income tax credits Research and development

To amend the Internal Revenue Code of 1986 to make the credit for research activities permanent and to provide an increase in such credit for taxpayers whose gross receipts are predominantly from domestic production activities.

Introduced: March 2, 2011 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 2, 2011
Referred to the House Committee on Ways and Means.
Mar 2, 2011
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities, and (2) increase the amount of such credit for taxpayers who earn more than 50% of their gross receipts from domestic production activities.

What's happening now March 2, 2011

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1