HR 5187
114th Congress
House
Taxation
Business expenses
Income tax credits
Research and development
REACH Act of 2016
Introduced: May 10, 2016
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 10, 2016
Referred to the House Committee on Ways and Means.
May 10, 2016
Introduced in House
Plain-English summary
Research and Experimentation Advances Competitiveness at Home Act of 2016 or the REACH Act of 2016
This bill amends the Internal Revenue Code to increase the alternative simplified tax credit for research expenses to 20% from the existing rate of 14% (12% for years ending before January 1, 2009).
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1