American Breakthrough Research Act of 2001

referredUnited States· United States Congress· EN

Introduced

14 June 2001

Last action

14 June 2001 · Introduced

Status

Read twice and referred to the Committee on Finance.

Summary

American Breakthrough Research Act of 2001 - Amends the Internal Revenue Code to allow a qualified research corporation to elect a refundable credit in the amount of the sum of the discounted research credits and discounted research net operating loss (NOL) in lieu of taking its research credits and research NOLs. (Defines terms for purposes of such credit.) Prohibits an electing corporation from using nonrelinquished research or NOL tax credits until such corporation has paid back the original amount of the refundable credit in Federal income taxes. Provides for credit recapture in the event of failure to increase research activity.

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Timeline

14 June 2001
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
14 June 2001
Introduced
Sponsor introductory remarks on measure. (CR S6329)
Source: IntroReferral
14 June 2001
Introduced
Introduced in Senate
Source: IntroReferral

Votes

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Versions

Introduced in Senate · 14 June 2001 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 14 June 2001
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Introduced in Senate (PDF)
Introduced in Senate · EN · 14 June 2001
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Introduced in Senate
summary · EN · 14 June 2001
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Related records

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Sources

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Official source: https://www.congress.gov/bill/107th-congress/senate-bill/1049
Open data entity: https://api.congress.gov/v3/bill/107/s/1049
us · 107-s-1049 · source updated 19 August 2025