3.0.0 717 2018-11-08T23:28:28Z 2018-11-08T23:28:28Z House H HR 2009-01-27 111 hswm00 Ways and Means Committee House Standing Referred to 2009-01-27T15:32:45Z 2009-01-27 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2009-01-27 Introduced in House IntroReferral Intro-H 9 Library of Congress 2009-01-27 Introduced in House IntroReferral 1000 9 Library of Congress J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 N M000312 Rep. McGovern, James P. [D-MA-3] JAMES MCGOVERN D MA P. 3 2009-01-27 True Taxation Administrative law and regulatory procedures Department of the Treasury Financial services and investments Government studies and investigations Income tax credits Income tax exclusion Research and development Securities Small business Tax administration and collection, taxpayers Taxation 00 2009-01-27 Introduced in House 2009-02-21T18:05:25Z Research and Development Tax Credit Act of 2009 - 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: (1) study and report to Congress on taxpayer compliance with the substantiation requirements for claiming the tax credit for increasing research activities; and (2) issue regulations on the application of private activity bond rules to the funding of federal research agreements.

]]> Research and Development Tax Credit Act of 2009 Short Titles as Introduced Research and Development Tax Credit Act of 2009 Display Title Research and Development Tax Credit Act of 2009 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness, and for other purposes. Introduced in House 2009-01-27T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111hr717ih/xml/BILLS-111hr717ih.xml 2009-01-27 Referred to the House Committee on Ways and Means. 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.