A bill to amend the Internal Revenue Code of 1954 with respect to the allocation under section 861 of research and experimental expenditures.
Domestic Research and Development Tax Incentive Act - Amends the Internal Revenue Code to treat amounts allowed as deductions for research and experimental expenditures attributable to activities conducted in the United States as allocable to income from sources within the United States and deductible from such income.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
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