High Technology Educational Development and Research Act of 1983

Summary

High Technology Educational Development and Research Act of 1983 - Amends the Internal Revenue Code to allow corporations an income tax deduction for contributions of scientific and technical property or services to an institution of higher education. Defines scientific property to mean computer software or other equipment used in a trade or business, which is donated for the direct education of students and faculty, for research and experimentation, or for research training in the United States in mathematics, the physical or biological sciences, engineering, or computer science. Sets forth a formula for determining the amount of the allowable deduction for contributions of scientific property or services. Limits the amount of such deduction to ten percent of taxable income computed without regard to specified deductions. Expands the income tax credit for increasing research activities to include the cost of scientific education provided by an institution of higher education and subsidized by a corporate taxpayer. Provides for an income tax exclusion for the scholarships, fellowship grants, student loan forgiveness, or stipends of a graduate student in mathematics, engineering, computer science, or the physical or biological sciences. Specifies that such tax exclusion is not forfeited merely because the student is required, as a condition of the scholarship or fellowship, to perform future service in teaching or research.

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1 official file

• Introduced in House

  summary · EN · 23 May 1983

  Open at official source

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