S 1577
112th Congress
Senate
Taxation
Income tax credits
Research and development
GROWTH Act
Introduced: September 19, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 2011
Read twice and referred to the Committee on Finance.
Sep 19, 2011
Introduced in Senate
Plain-English summary
Greater Research Opportunities with Tax Help Act or GROWTH Act - Amends the Internal Revenue Code to: (1) increase from 14% to 20% the rate of the tax credit for increasing research activities, (2) modify rules for calculating such credit, and (3) make such credit permanent.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1