To amend the Internal Revenue Code to make permanent the credit for increasing research activities.

Bill: 113-hr-119
Sponsor: full_name: Rep. Holt, Rush [D-NJ-12]
Introduced: 2013-01-03
Policy area: Taxation
Subjects: Income tax credits

Research and development
Latest action: action_date: 2013-01-03
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2013-01-03
action_desc: Introduced in House
text: <p>Amends the Internal Revenue Code to make the tax credit for increasing research activities permanent.</p>

tv_txt: I 113th CONGRESS 1st Session H. R. 119 IN THE HOUSE OF REPRESENTATIVES January 3, 2013 Mr. Holt introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code to make permanent the credit for increasing research activities.

1. Permanent extension of research credit (a) In general Section 41 of the Internal Revenue Code of 1986 is amended by striking subsection (h). (b) Conforming amendment Paragraph (1) of section 45C(b) of such Code is amended by striking subparagraph (D). (c) Effective date The amendments made by this section shall apply to amounts paid or incurred after December 31, 2011.