Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 1864 (97th)

Research Revitalization Act of 1981

openUnited States· United States Congress· EN

Introduced

17 February 1981

Last action

4 August 1981 · Committee

Status

See H.R.4242.

Sponsors

Rep. Shannon, James M. [D-MA-5], Rep. Pickle, J. J. [D-TX-10], Rep. Fuqua, Don [D-FL-2], Rep. AuCoin, Les [D-OR-1], Sen. Wyden, Ron [D-OR], Rep. Mineta, Norman Y. [D-CA-15], Rep. Matsui, Robert T. [D-CA-5], Rep. Heckler, Margaret M. [R-MA-10], Rep. Winn, Larry, Jr. [R-KS-3], Rep. Scheuer, James H. [D-NY-8], Rep. Boland, Edward P. [D-MA-2], Sen. Markey, Edward J. [D-MA], Rep. Ertel, Allen E. [D-PA-17], Rep. Young, Robert A. [D-MO-2], Rep. Ritter, Don [R-PA-15], Rep. Pepper, Claude [D-FL-18], Rep. Rose, Charlie [D-NC-7], Rep. Frenzel, Bill [R-MN-3], Rep. Ireland, Andrew P. [R-FL-10], Rep. Rousselot, John H. [R-CA-26], Rep. Brown, George E., Jr. [D-CA-42], Rep. Glickman, Dan [D-KS-4], Rep. Madigan, Edward R. [R-IL-15], Rep. Goldwater, Barry, Jr. [R-CA-20], Rep. Evans, Thomas B., Jr. [R-DE-At Large], Rep. Ford, William D. [D-MI-13], Rep. Benjamin, Adam, Jr. [D-IN-1], Rep. Frank, Barney [D-MA-4], Rep. Dornan, Robert K. [R-CA-46], Sen. Simon, Paul [D-IL], Rep. Hance, Kent R. [D-TX-19], Rep. Fazio, Vic [D-CA-3], Rep. Archer, Bill [R-TX-7]

Subjects

Taxation

Source updated

29 August 2025

Taxation

Official sourceView documentsShare

Summary

Research Revitalization Act of 1981 - Amends the Internal Revenue Code to permit business an income tax credit of 25 percent of the cash contributions made to a reserve fund established to finance business-related research or experimentation. Limits the total amount of such credit to five percent of taxable business income. Exempts such reserve fund from income taxation. Allows an income tax deduction for research expenses paid out of the reserve fund during the taxable year. Specifies that research financed pursuant to this Act shall be performed by an institution of higher education. Prescribes tax penalties for the use of funds from the research reserve for purposes other than research and experimentation.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 17 February 1981

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 17 February 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 17 February 1981

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 4 August 1981

    Committee

    See H.R.4242.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.