Scientific Equipment and Faculty Donation Act of 1983

Summary

Scientific Equipment and Faculty Donation Act of 1983 - Amends the Internal Revenue Code to allow corporations an income tax deduction for charitable contributions of services in connection with the donation of scientific and research equipment to an institution of higher education. Limits the amount of the deduction to the lesser of the value of such services or twice the cost to the taxpayer in providing such services. Expands the definition of "scientific equipment" to include within its applications the provision of education in the United States in engineering, computer sciences, or physical or biological sciences. Expands the income tax credit for increasing research activities to permit a corporation a tax credit for the payment of teacher salaries for instruction in engineering, computer science, and the physical and biological sciences.

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1 official file

• Introduced in House

  summary · EN · 26 April 1983

  Open at official source

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