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United States · Bill · S

S. 1617 (100th)

A bill to amend the Internal Revenue Code of 1986 with respect to the allocation of research and experimental expenditures.

referredUnited States· United States Congress· EN

Introduced

6 August 1987

Last action

6 August 1987 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Wallop, Malcolm [R-WY], Sen. Baucus, Max [D-MT], Sen. Danforth, John C. [R-MO], Sen. Moynihan, Daniel Patrick [D-NY], Sen. Chafee, John H. [R-RI], Sen. Roth Jr., William V. [R-DE], Sen. Pryor, David H. [D-AR], Sen. Boren, David L. [D-OK], Sen. Heinz, John [R-PA], Sen. Durenberger, Dave [R-MN], Sen. Armstrong, William L. [R-CO], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Rockefeller, John D., IV [D-WV], Sen. Symms, Steven D. [R-ID], Sen. Cochran, Thad [R-MS], Sen. McCain, John [R-AZ], Sen. Wilson, Pete [R-CA], Sen. Grassley, Chuck [R-IA], Sen. Adams, Brock [D-WA], Sen. Glenn, John H., Jr. [D-OH]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to increase from 50 percent to 67 percent the amount of research and development expenditures that a company must allocate to income from sources within the United States. Establishes a special rule for the qualified research and experimental expenditures required by governmental entities. Requires companies to report on a consolidated basis with respect to the expenditures associated with this source rule.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 6 August 1987

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 6 August 1987

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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