 S.2209
Research Credit Improvement Act of 2007
A bill to amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness, and for other purposes.
 5 Total PointsSubjects
Summary
Research Credit Improvement Act of 2007 - Amends the Internal Revenue Code to revise the tax credit for increasing research activities by: (1) phasing-in increases in the alternative simplified tax credit rate through 2009; (2) establishing a 20% alternative simplified tax credit rate in 2010 in lieu of the standard research tax credit rate; (3) increasing the amount of basic and contract research expenses eligible for such tax credit; and (4) making such tax credit permanent. What do you think?
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Legislation Detail
 Viewed 292 times.
Legislation Slant
Latest Action:
Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
This action occurred on Friday, October 19, 2007 and earned 5 points.
Legislative Progress
Introduced in the Senate on October 19, 2007
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