Bill113th CongressFiled Oct 30, 2013Taxation
H.R. 3428
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.
Bill journey · stage 2 of 5
Under committee review
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CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in house (Oct 30, 2013)
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.
What just happenedOct 30, 2013
Referred to the House Committee on Ways and Means.
Who’s behind it
Rep. McKinley, David B. [R-WV-1](R-WV)Sponsor
1 cosponsor1 D
1cosponsors1committees3actions3subjects
- Introduced in HouseOct 30, 2013
- Oct 30, 2013IntroReferralH11100
Referred to the House Committee on Ways and Means.
- Oct 30, 2013IntroReferralIntro-H
Introduced in House
- Oct 30, 2013IntroReferral1000
Introduced in House