[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5187 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5187

To amend the Internal Revenue Code of 1986 to increase the alternative 
                simplified credit for research expenses.


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                    IN THE HOUSE OF REPRESENTATIVES

                              May 10, 2016

 Mr. Tiberi (for himself and Mr. Larson of Connecticut) 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 increase the alternative 
                simplified credit for research expenses.

    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 ``Research and Experimentation 
Advances Competitiveness at Home Act of 2016'' or as the ``REACH Act of 
2016''.

SEC. 2. INCREASE IN ALTERNATIVE SIMPLIFIED CREDIT FOR RESEARCH 
              EXPENSES.

    (a) In General.--Section 41(c)(5)(A) of the Internal Revenue Code 
of 1986 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 this section shall apply to 
taxable years beginning after December 31, 2015.
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