3.0.0 2720 2023-01-13T04:48:20Z 2023-01-13T04:48:20Z Senate S S 2006-05-04 109 ssfi00 Finance Committee Senate Standing Referred to 2006-05-04T19:23:38Z 2006-09-14 Sponsor introductory remarks on measure. (CR S9638) IntroReferral B00100 9 Library of Congress 2006-05-04 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2006-05-04 Sponsor introductory remarks on measure. (CR S4054-4056) IntroReferral B00100 9 Library of Congress 2006-05-04 Introduced in Senate IntroReferral 10000 9 Library of Congress B000243 Sen. Baucus, Max [D-MT] MAX BAUCUS D MT SIEBEN N K000148 Sen. Kerry, John F. [D-MA] JOHN KERRY D MA FORBES 2006-05-08 False M000702 Sen. Mikulski, Barbara A. [D-MD] BARBARA MIKULSKI D MD ANN 2006-06-20 False Taxation Administrative procedure Commerce Department of the Treasury Education Finance and Financial Sector Government Operations and Politics Higher education Income tax Intellectual property Investment tax credit Law Patents Research and development Research and development tax credit Research centers Research grants Science, Technology, Communications Small business Tax-exempt organizations Tax-exempt securities Technological innovations Taxation 00 2006-05-04 Introduced in Senate 2006-05-26T19:39:17Z Research Competitiveness Act of 2006 - Amends the Internal Revenue Code to: (1) modify the tax credit for increasing research expenses to establish a standard 20% credit rate for research expenses exceeding 50% of average expenses over the preceding three year period; (2) establish a uniform 80% reimbursement rate for all contract research expenses (100% for basic research payments); (3) make such tax credit permanent; (4) allow a tax credit for equity investments in small business innovation companies; and (5) allow the issuance of tax exempt facility bonds for research park facilities used in connection with research and experimentation.

Directs the Secretary of the Treasury to issue regulations on the application of private activity bond rules to the funding of federal research agreements.

]]> Research Competitiveness Act of 2006 Display Title Research Competitiveness Act of 2006 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness, and for other purposes. Introduced in Senate IS Short Titles as Introduced Research Competitiveness Act of 2006 Introduced in Senate 2006-05-04T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-109s2720is/xml/BILLS-109s2720is.xml 2006-09-14 Sponsor introductory remarks on measure. (CR S9638) text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.