To amend the Internal Revenue Code of 1986 to allow an increased credit for development and to extend and simplify the credit for increasing research.

3.0.0 3428 2023-01-11T13:23:55Z 2023-01-11T13:23:55Z House H HR 2013-10-30 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. McKINLEY:H.R. 3428.Congress has the power to enact this legislation pursuantto the following:According to Article I, Section 8, Clause 3 of theConstitution: The Congress shall have power to enact thislegislation to regulate commerce with foreign nations, andamong the several states, and with the Indian tribes.[Page H6956]]]> hswm00 Ways and Means Committee House Standing Referred to 2013-10-30T14:03:40Z 2013-10-30 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2013-10-30 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-10-30 Introduced in House IntroReferral 1000 9 Library of Congress M001180 Rep. McKinley, David B. [R-WV-1] David McKinley R WV B. 1 N E000292 Rep. Enyart, William L. [D-IL-12] William Enyart D IL L. 12 2013-10-30 True Taxation Business expenses Income tax credits Research and development Taxation

00 2013-10-30 Introduced in House 2013-11-27T19:12:10Z Amends the Internal Revenue Code to: (1) allow through 2018 a new business-related tax credit for an increase in expenditures for qualified development expenses (defined as the sum of any in-house and contract development expenses incurred in the trade or business of a taxpayer), (2) increase to 20% the rate of the alternative simplified research tax credit, and (3) extend through 2018 the tax credit for increasing research activities.

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To amend the Internal Revenue Code of 1986 to allow an increased credit for development and to extend and simplify the credit for increasing research. Display Title To amend the Internal Revenue Code of 1986 to allow an increased credit for development and to extend and simplify the credit for increasing research. Official Title as Introduced To amend the Internal Revenue Code of 1986 to allow an increased credit for development and to extend and simplify the credit for increasing research. Introduced in House IH Introduced in House 2013-10-30T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr3428ih/xml/BILLS-113hr3428ih.xml 2013-10-30 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.