PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 2591 (98th)

A bill to amend the Internal Revenue Code of 1954 to provide, for purposes of the credit for increasing research activities and for the credit available with respect to certain basic research by colleges, universities, and certain research organizations, that qualified research expenses and basic research shall include expenses incurred in promoting the education and training of qualified individuals for future employment in the trade or business of the taxpayer.

referredUnited States· United States Congress· EN

Introduced

19 April 1983

Last action

19 April 1983 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. AuCoin, Les [D-OR-1], Rep. Shannon, James M. [D-MA-5], Rep. Roe, Robert A. [D-NJ-8], F. SENSENBRENNER, Rep. Smith, Lawrence [D-FL-16], Sen. Schumer, Charles E. [D-NY], Rep. Luken, Thomas A. [D-OH-1], Rep. Edgar, Robert W. [D-PA-7], Rep. Leland, Mickey [D-TX-18], Rep. Edwards, Don [D-CA-10], Rep. Hertel, Dennis M. [D-MI-14], Rep. Mrazek, Robert J. [D-NY-3]

Subjects

Taxation, Education

Source updated

7 February 2024

Taxation · Education

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to increase from 65 percent to 100 percent the amount of costs which may be taken into account by a corporation for purposes of the income tax credit for certain basic research performed under contract by colleges, universities, and research organizations. Expands the types of costs which may be taken into account for purposes of such credit to include salaries and costs incurred for the instruction of courses in math, science, computer science and engineering regardless of specific commercial objective.

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

Timeline

  1. 19 April 1983

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 19 April 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 19 April 1983

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Sponsors

Related records

No cross-record relationships stored yet.

Sources

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