HR 3757
113th Congress
House
Taxation
Advanced technology and technological innovations
Biological and life sciences
Energy research
Income tax credits
Research and development
Igniting American Research Act
Introduced: December 12, 2013
Introduced by:
Peters, Scott H.
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 12, 2013
Referred to the House Committee on Ways and Means.
Dec 12, 2013
Introduced in House
Plain-English summary
Igniting American Research Act - Amends the Internal Revenue Code, with respect to the tax credit for increasing research expenditures, to: (1) extend such credit through 2014; (2) increase the rate of the alternative simplified research tax credit to 20% and make such credit permanent; (3) allow a 20% research tax credit for payments to a tax-exempt biotechnology research consortium for biotechnology research; and (4) modify the requirements relating to the eligibility of an energy research consortium for the tax credit to require at least 3 unrelated persons (currently, 5 unrelated persons) to make payments to such a consortium for energy research.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1