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        <title>Research and Development Tax Credit Act of 2007</title>
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          <actionDate>2008-04-02</actionDate>
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          <text>Read twice and referred to the Committee on Finance.</text>
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        <fullName>Sen. Collins, Susan M. [R-ME]</fullName>
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        <fullName>Sen. Hatch, Orrin G. [R-UT]</fullName>
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        <fullName>Sen. Alexander, Lamar [R-TN]</fullName>
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        <lastName>Alexander</lastName>
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        <state>TN</state>
        <sponsorshipDate>2008-05-08</sponsorshipDate>
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        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2008-05-27T18:49:28Z</updateDate>
        <text><![CDATA[ <p> Research and Development Tax Credit Improvement Act of 2008 - 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) extending such credit through 2012.</p>]]></text>
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    <title>Research and Development Tax Credit Improvement Act of 2008</title>
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        <title>Research and Development Tax Credit Improvement Act of 2008</title>
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        <title>Research and Development Tax Credit Improvement Act of 2008</title>
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        <title>A bill to amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness, and for other purposes.</title>
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      <actionDate>2008-04-17</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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