[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 1021 Introduced in Senate (IS)]

111th CONGRESS
  1st Session
                                S. 1021

   To amend the Internal Revenue Code of 1986 to provide an enhanced 
   credit for research and development by companies that manufacture 
                     products in the United States.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                              May 12, 2009

 Mrs. Lincoln introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
   To amend the Internal Revenue Code of 1986 to provide an enhanced 
   credit for research and development by companies that manufacture 
                     products in the United States.

    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 ``USA Jobs Act of 2009''.

SEC. 2. ENHANCED RESEARCH CREDIT FOR DOMESTIC MANUFACTURERS.

    (a) In General.--Section 41 of the Internal Revenue Code of 1986 is 
amended by adding at the end the following new subsection:
    ``(i) Enhanced Credit for Domestic Manufacturers.--
            ``(1) In general.--In the case of a qualified domestic 
        manufacturer, this section shall be applied by increasing the 
        following by the bonus amount:
                    ``(A) The 20 percent amount under subsection 
                (a)(1).
                    ``(B) The 20 percent amount under subsection 
                (a)(2).
                    ``(C) The 20 percent amount under subsection 
                (a)(3).
                    ``(D) The 14 percent amount under subsection 
                (c)(5)(A).
            ``(2) Qualified domestic manufacturer.--For purposes of 
        this subsection--
                    ``(A) In general.--The term `qualified domestic 
                manufacturer' means a taxpayer who has domestic 
                production gross receipts which are more than 50 
                percent of total production gross receipts.
                    ``(B) Domestic production gross receipts.--The term 
                `domestic production gross receipts' has the meaning 
                given to such term under section 199(c)(4).
                    ``(C) Total production gross receipts.--The term 
                `total production gross receipts' means the gross 
                receipts of the taxpayer which are described in section 
                199(c)(4), determined--
                            ``(i) without regard to whether property 
                        described in subparagraph (A)(i)(I) or 
                        (A)(i)(III) thereof was manufactured, produced, 
                        grown, or extracted in the United States,
                            ``(ii) by substituting `any property 
                        described in section 168(f)(3)' for `any 
                        qualified film' in subparagraph (A)(i)(II) 
                        thereof, and
                            ``(iii) without regard to whether any 
                        construction described in subparagraph (A)(ii) 
                        thereof or services described in subparagraph 
                        (A)(iii) thereof were performed in the United 
                        States.
            ``(3) Bonus amount.--For purposes of paragraph (1), the 
        bonus amount shall be determined as follows:


``If the percentage of total production  The bonus amount is:
 gross receipts which are domestic
 production gross receipts is:
  More than 50 percent and not more      2 percentage points
   than 60 percent.
  More than 60 percent and not more      4 percentage points
   than 70 percent.
  More than 70 percent and not more      6 percentage points
   than 80 percent.
  More than 80 percent and not more      8 percentage points
   than 90 percent.
  More than 90 percent.................  10 percentage points.''.
 

    (b) Effective Date.--The amendment made by this section shall apply 
to expenditures paid or incurred in taxable years beginning after the 
date of the enactment of this Act.
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