[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1613 Introduced in House (IH)]

111th CONGRESS
  1st Session
                                H. R. 1613

To amend the Internal Revenue Code of 1986 to make the research credit 
 permanent, increase expensing for small businesses, reduce corporate 
                   tax rates, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 19, 2009

Mr. Carney (for himself and Mr. Gerlach) 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 make the research credit 
 permanent, increase expensing for small businesses, reduce corporate 
                   tax rates, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Made in America Act of 2009''.

SEC. 2. RESEARCH CREDIT MADE PERMANENT.

    (a) In General.--Section 41 of the Internal Revenue Code of 1986 
(relating to credit for increasing research activities) is amended by 
striking subsection (h).
    (b) Conforming Amendment.--Paragraph (1) of section 45C(b) of such 
Code is amended by striking subparagraph (D).
    (c) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred after December 31, 2008 and to 
taxable years beginning after such date.

SEC. 3. INCREASE IN RATE OF ALTERNATIVE SIMPLIFIED CREDIT.

    (a) In General.--Subparagraph (A) of section 41(c)(5) of the 
Internal Revenue Code of 1986 (relating to election of alternative 
simplified credit) is amended by striking ``14 percent (12 percent in 
the case of taxable years ending before January 1, 2009)'' and 
inserting ``20 percent''.
    (b) Effective Date.--The amendment made by this section shall apply 
to taxable years ending after December 31, 2008.

SEC. 4. REPEAL THE ALTERNATIVE INCREMENTAL CREDIT.

    (a) In General.--Section 41(c) of the Internal Revenue Code of 
1986, as amended by section 3, is amended by striking paragraph (4) and 
by redesignating paragraphs (5), (6), and (7) as paragraphs (4), (5), 
and (6), respectively.
    (b) Conforming Amendment.--Section 41(c)(4)(C) of such Code, as 
redesignated by subsection (a), is amended by striking the last 
sentence.
    (c) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2008.

SEC. 5. INCREASED SECTION 179 EXPENSING MADE PERMANENT.

    (a) Dollar Limitation.--Paragraph (1) of section 179(b) of the 
Internal Revenue Code of 1986 is amended by striking ``$25,000 
($125,000 in the case of taxable years beginning after 2006 and before 
2011)'' and inserting ``$250,000''.
    (b) Phaseout Threshold.--Paragraph (2) of section 179(b) of such 
Code is amended by striking ``$200,000 ($500,000 in the case of taxable 
years beginning after 2006 and before 2011)'' and inserting 
``$800,000''.
    (c) Conforming Amendments.--
            (1) Subparagraph (A) of section 179(b)(5) of such Code is 
        amended--
                    (A) by striking ``and before 2011, the $125,000 and 
                $500,000 amounts'' and inserting ``, the $250,000 and 
                $800,000 amounts'', and
                    (B) by striking ``calendar year 2006'' and 
                inserting ``calendar year 2007''.
            (2) Section 179(b) of such Code, as amended by section 1202 
        of the American Recovery and Reinvestment Act of 2009, is 
        amended by striking paragraph (7).
            (3) Paragraph (2) of section 179(c) of such Code is amended 
        by striking ``and before 2011''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2008.

SEC. 6. REDUCTION IN TOP CORPORATE MARGINAL RATE.

    (a) In General.--Paragraph (1) of section 11(b) of the Internal 
Revenue Code of 1986 (relating to amount of tax) is amended--
            (1) by inserting ``and'' at the end of subparagraph (B),
            (2) by striking subparagraphs (C) and (D) and inserting the 
        following:
                    ``(C) 30 percent of so much of the taxable income 
                as exceeds $75,000.'', and
            (3) by striking ``$11,750'' and all that follows and 
        inserting ``$9,125.''
    (b) Personal Service Corporations.--Paragraph (2) of section 11(b) 
of such Code is amended by striking ``35 percent'' and inserting ``30 
percent''.
    (c) Conforming Amendments.--Paragraphs (1) and (2) of section 
1445(e) of such Code are each amended by striking ``35 percent'' and 
inserting ``30 percent''.
    (d) Effective Date.--The amendments made by this section shall 
apply to taxable years beginning after December 31, 2008, except that 
the amendments made by subsection (c) shall take effect on the date of 
the enactment of this Act.

SEC. 7. STUDIES.

    (a) Workplace Employee Health Care Facilities.--The Comptroller 
General of the United States shall conduct a study of the impact of 
workplace employee health care facilities on employee health and 
productivity. The results of such study shall be submitted to the 
Congress within 1 year after the date of the enactment of this Act.
    (b) Retention of Students in Rural Communities.--The Comptroller 
General of the United States shall conduct a study of the best 
practices for encouraging college graduates from rural areas to return 
to those areas after graduation. The results of such study shall be 
submitted to the Congress within 1 year after the date of the enactment 
of this Act.
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