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HR 2671 115th Congress House

21st Century Investment Act of 2017

Official title: To amend the Internal Revenue Code of 1986 to make permanent the credit for increasing research activities, to increase such credit for amounts paid or incurre… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to make permanent the credit for increasing research activities, to increase such credit for amounts paid or incurred for qualified research occurring in the United States, and to increase the domestic production activities deduction for the manufacture of property substantially all of the research and development of which occurred in the United States.

Introduced: May 25, 2017 See on congress.gov
Taxation Income tax creditsIncome tax deductionsManufacturingResearch and development
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 25, 2017
Referred to the House Committee on Ways and Means.
May 25, 2017
Introduced in House
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 Latest action May 25, 2017

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

21st Century Investment Act of 2017

This bill amends the Internal Revenue Code to: (1) modify the tax credit for increasing research activities to allow an increased 25% tax credit rate for expenses for research, substantially all of which occurs in the United States; and (2) increase to 15%, through 2024, the tax deduction for income attributable to domestic manufacturing production activities for which substantially all of the research and development occurred in the United States.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 3
All 3 Democratic 2
D
Keating, William R.
Massachusetts · May 25, 2017
Lujan Grisham, Michelle
· May 25, 2017
 D
Norton, Eleanor Holmes
District of Columbia · May 25, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2671: 21st Century Investment Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-2671/
MLA
"H.R. 2671: 21st Century Investment Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-2671/.
Bluebook (legal)
H.R. 2671, 115th Cong. (2026), https://openamerica.io/bill/115-HR-2671/.
Markdown link
[H.R. 2671: 21st Century Investment Act of 2017](https://openamerica.io/bill/115-HR-2671/)
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