A bill to amend the Internal Revenue Code of 1986 to make the credit for increasing research activities permanent and to increase the amount of such credit.
Research and Development Incentive Act of 1987 - Amends the Internal Revenue Code to make permanent the income tax credit for increasing research activities. (Present law terminates such credit as of December 31, 1988.)
Increases the amount of such credit from 20 to 25 percent of the increase in expenses of such research activities.
Introduced in Senate
Read twice and referred to the Committee on Finance.
Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 100-156.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line