REACH Act

Summary

Research and Experimentation Advances Competitiveness at Home Act or the REACH Act This bill amends the Internal Revenue Code, with respect to the tax credit for increasing research activities (known as the research and experimentation tax credit), to: increase the alternative simplified credit rate to match the rate of the regular credit; allow taxpayers to use reasonable estimation techniques in lieu of contemporaneous accounting to measure employee hours per business component; allow employees engaging in the direct supervision or direct support of research activities which constitute qualified research to be included in the research expense calculation without regard to the employee's position or management level; allow the credit to be used for research related to the adaptation of an existing business component to a particular customer's requirement or need, cost reduction, or obsolescence mitigation; and allow taxpayers to make an election for a reduced credit (in order to be allowed a full deduction for research expenses) on an amended tax return.

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Timeline

1. 7 June 2017

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 June 2017

   Introduced

   Introduced in House

   Source: IntroReferral

3. 7 June 2017

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 June 2017 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 June 2017

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 June 2017

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 7 June 2017

  Open at official source

  Leesvertaling

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

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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

Sponsors

• Rep. Tiberi, Patrick J. [R-OH-12] · R · Sponsor
• Rep. Larson, John B. [D-CT-1] · D · Sponsor
• Rep. Smith, Jason [R-MO-8] · R · Cosponsor
• Rep. Blumenauer, Earl [D-OR-3] · D · Cosponsor
• Rep. Paulsen, Erik [R-MN-3] · R · Cosponsor
• Rep. Kelly, Mike [R-PA-16] · R · Cosponsor
• Rep. Kind, Ron [D-WI-3] · D · Cosponsor
• Rep. Bonamici, Suzanne [D-OR-1] · D · Cosponsor
• Rep. Sessions, Pete [R-TX-17] · R · Cosponsor
• Rep. Bishop, Mike [R-MI-8] · R · Cosponsor
• Rep. Sánchez, Linda T. [D-CA-38] · D · Cosponsor
• Rep. Jenkins, Lynn [R-KS-2] · R · Cosponsor
• Rep. Reichert, David G. [R-WA-8] · R · Cosponsor
• Rep. Blum, Rod [R-IA-1] · R · Cosponsor
• Rep. Biggs, Andy [R-AZ-5] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← A bill to amend the Internal Revenue Code of 1986 to reform the credit for increasing research activities, and for other purposes.