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HR 1864 97th Congress House Taxation Business and commerce Income tax Research and development Tax credits Tax deductions

Research Revitalization Act of 1981

Introduced: February 17, 1981 See on congress.gov
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 4, 1981
See H.R.4242.
Feb 17, 1981
Referred to House Committee on Ways and Means.
Feb 17, 1981
Introduced in House
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 Plain-English summary Congressional Research Service

Research Revitalization Act of 1981 - Amends the Internal Revenue Code to permit business an income tax credit of 25 percent of the cash contributions made to a reserve fund established to finance business-related research or experimentation. Limits the total amount of such credit to five percent of taxable business income. Exempts such reserve fund from income taxation. Allows an income tax deduction for research expenses paid out of the reserve fund during the taxable year. Specifies that research financed pursuant to this Act shall be performed by an institution of higher education. Prescribes tax penalties for the use of funds from the research reserve for purposes other than research and experimentation.

What's happening now August 4, 1981

See H.R.4242.

 Related & companion bills 1
  • HR 4242 Related bill Economic Recovery Tax Act of 1981
 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2
D
Markey, Edward J.
Massachusetts · Apr 8, 1981
 D
Wyden, Ron
Oregon · Mar 26, 1981
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1864: Research Revitalization Act of 1981. 97th Congress. Open America. https://openamerica.io/bill/97-HR-1864/
MLA
"H.R. 1864: Research Revitalization Act of 1981." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-1864/.
Bluebook (legal)
H.R. 1864, 97th Cong. (2026), https://openamerica.io/bill/97-HR-1864/.
Markdown link
[H.R. 1864: Research Revitalization Act of 1981](https://openamerica.io/bill/97-HR-1864/)
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