Research Promotion Act of 1979

Summary

Research Promotion Act of 1979 - Amends the Internal Revenue Code to allow businesses with gross receipts not in excess of $250,000,000 a nonrefundable income tax credit equal to ten percent of their research and experimental expenditures which exceed 2.5 percent of their gross receipts for the taxable year. Provides for carryovers and carrybacks of unused credits in any taxable year.

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Timeline

1. 11 June 1979

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 11 June 1979

   Introduced

   Introduced in House

   Source: IntroReferral

3. 11 June 1979

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 11 June 1979

  Open at official source

Sponsors

• Rep. LaFalce, John J. [D-NY-36] · D · Sponsor
• Rep. Blanchard, James [D-MI-18] · D · Cosponsor
• Rep. Carter, Tim Lee [R-KY-5] · R · Cosponsor
• Rep. Ertel, Allen E. [D-PA-17] · D · Cosponsor
• Rep. Hollenbeck, Harold C. [R-NJ-9] · R · Cosponsor
• Rep. Hughes, William J. [D-NJ-2] · D · Cosponsor
• Rep. Jenrette, John W., Jr. [D-SC-6] · D · Cosponsor
• Sen. Markey, Edward J. [D-MA] · D · Cosponsor
• Rep. Murphy, Austin J. [D-PA-22] · D · Cosponsor
• Rep. Neal, Stephen L. [D-NC-5] · D · Cosponsor
• Rep. Seiberling, John F. [D-OH-14] · D · Cosponsor
• Rep. Stokes, Louis [D-OH-21] · D · Cosponsor
• Rep. Winn, Larry, Jr. [R-KS-3] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to ← Research Promotion Act of 1979