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S 861 99th Congress Senate Taxation Accounting Corporation taxes Corporations and Stocks Foreign Trade and Investments Income tax International corporations Research Research and development Science and technology Tax administration Tax deductions

A bill to amend the Internal Revenue Code of 1954 to treat deductions for research and experimental expenses attributable to activities conducted in the United States as allocable to income from…

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A bill to amend the Internal Revenue Code of 1954 to treat deductions for research and experimental expenses attributable to activities conducted in the United States as allocable to income from sources within the United States.

Introduced: April 3, 1985 See on congress.gov
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This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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
Apr 11, 1985
Committee on Finance requested executive comment from OMB, Treasury Department.
Apr 3, 1985
Read twice and referred to the Committee on Finance.
Apr 3, 1985
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to permit U.S. businesses with operations in foreign countries to treat all of their domestic research and experimental expenditures as deductions against U.S. source income. (Current IRS regulations require the allocation of a portion of such expenses against foreign source income.)

What's happening now April 11, 1985

Committee on Finance requested executive comment from OMB, Treasury Department.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Apr 3, 1985
Cite this page click to expand
APA
U.S. Congress. (2026). S. 861: A bill to amend the Internal Revenue Code of 1954 to treat deductions for research and experimental expenses attributable to activities conducted in the United States as allocable to income from sources within the United States.. 99th Congress. Open America. https://openamerica.io/bill/99-S-861/
MLA
"S. 861: A bill to amend the Internal Revenue Code of 1954 to treat deductions for research and experimental expenses attributable to activities conducted in the United States as allocable to income from sources within the United States.." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-S-861/.
Bluebook (legal)
S. 861, 99th Cong. (2026), https://openamerica.io/bill/99-S-861/.
Markdown link
[S. 861: A bill to amend the Internal Revenue Code of 1954 to treat deductions for research and experimental expenses attributable to activities conducted in the United States as allocable to income from sources within the United States.](https://openamerica.io/bill/99-S-861/)
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