[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 835 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 835

 To amend the Internal Revenue Code of 1986 to permanently extend the 
research credit and to adjust the alternative incremental credit rates.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 24, 1999

 Mrs. Johnson of Connecticut (for herself, Mr. Matsui, Mr. Crane, Mr. 
 Coyne, Mr. Houghton, Mr. Levin, Mr. Herger, Mr. Cardin, Mr. Camp, Mr. 
McDermott, Mr. Ramstad, Mr. Lewis of Georgia, Mr. Sam Johnson of Texas, 
 Mr. Neal of Massachusetts, Ms. Dunn, Mr. Jefferson, Mr. Portman, Mr. 
   Becerra, Mr. English, Mrs. Thurman, Mr. Watkins, Mr. Weller, Mr. 
Hulshof, Mr. McInnis, Mr. Lewis of Kentucky, Mr. Foley, Mr. Allen, Mr. 
  Baird, Mr. Baldacci, Mr. Blagojevich, Mr. Boehlert, Mr. Bonior, Mr. 
 Campbell, Mr. Chambliss, Mr. Cook, Mr. Cox, Mr. Cunningham, Mr. Davis 
   of Florida, Ms. DeGette, Ms. DeLauro, Mr. Deutsch, Mr. Dixon, Mr. 
 Dooley of California, Mr. Dreier, Mr. Ehlers, Mr. Ehrlich, Ms. Eshoo, 
 Mr. Etheridge, Mr. Faleomavaega, Mr. Farr of California, Mr. Filner, 
  Mr. Frelinghuysen, Mr. Frost, Mr. Gejdenson, Mr. Hall of Texas, Mr. 
 Holt, Ms. Hooley of Oregon, Mr. Inslee, Ms. Eddie Bernice Johnson of 
 Texas, Mr. Kind, Mr. Kolbe, Mr. Kuykendall, Mr. Larson, Ms. Lofgren, 
   Mr. Lucas of Oklahoma, Mr. Luther, Mrs. Maloney of New York, Mr. 
   Maloney of Connecticut, Mr. Markey, Ms. McCarthy of Missouri, Mr. 
McKeon, Mr. Metcalf, Mr. Moran of Virginia, Mrs. Morella, Mr. Ney, Mr. 
 Pallone, Ms. Pelosi, Mr. Peterson of Pennsylvania, Mr. Pickering, Mr. 
   Price of North Carolina, Mr. Roemer, Mr. Rogan, Mr. Sandlin, Mr. 
Sawyer, Mr. Shays, Mr. Sherman, Mr. Shows, Mr. Smith of Washington, Mr. 
Snyder, Ms. Stabenow, Mrs. Tauscher, Mr. Towns, Mr. Udall of Colorado, 
Mr. Waxman, Mr. Weldon of Pennsylvania, Mr. Wu, Mr. Wynn, Mr. Walden of 
    Oregon, and Mr. Vento) introduced the following bill; which was 
              referred to the Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
 To amend the Internal Revenue Code of 1986 to permanently extend the 
research credit and to adjust the alternative incremental credit rates.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF RESEARCH CREDIT.

    (a) Credit Made Permanent.--
            (1) In general.--Section 41 of the Internal Revenue Code of 
        1986 (relating to credit for increasing research activities) is 
        amended by striking subsection (h).
            (2) Conforming amendment.--Paragraph (1) of section 45C(b) 
        of such Code is amended by striking subparagraph (D).
    (b) Increase in Alternative Incremental Credit Rates.--Subparagraph 
(A) of section 41(c)(4) of such Code is amended--
            (1) by striking ``1.65 percent'' in clause (i) and 
        inserting ``2.65 percent'',
            (2) by striking ``2.2 percent'' in clause (ii) and 
        inserting ``3.2 percent'', and
            (3) by striking ``2.75 percent'' in clause (iii) and 
        inserting ``3.75 percent''.
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after June 30, 1999.
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