United States · Bill · HR
H.R. 3158 (97th)
Research Promotion Act
Introduced
8 April 1981
Last action
—
Status
Referred to House Committee on Ways and Means.
Sponsors
—
Subjects
Discovery layer
Source updated
29 August 2025
Summary
Research Promotion Act - Amends the Internal Revenue Code to allow a nonrefundable research and experimental expenditure tax credit in an amount equal to ten percent of the business-related research and experimental expenditures incurred during the taxable year. Prohibits such a credit if the taxpayer's gross receipts exceed $250,000,000 for the preceding taxable year. Provides for a three year carryback and seven year carryover of unused credits.
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Documents
1 official file
Introduced in House
summary · EN · 8 April 1981
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/97th-congress/house-bill/3158
- Open data entity: https://api.congress.gov/v3/bill/97/hr/3158