To amend the Internal Revenue Code of 1986 to allow an increased credit for development and to extend and simplify the credit for increasing research.

Summary

Amends the Internal Revenue Code to: (1) allow through 2018 a new business-related tax credit for an increase in expenditures for qualified development expenses (defined as the sum of any in-house and contract development expenses incurred in the trade or business of a taxpayer), (2) increase to 20% the rate of the alternative simplified research tax credit, and (3) extend through 2018 the tax credit for increasing research activities.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 October 2013

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• Introduced in House (PDF)

  Introduced in House · EN · 30 October 2013

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• Introduced in House

  summary · EN · 30 October 2013

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