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.
Introduced
6 August 1987
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
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.
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Timeline
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Votes
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 6 August 1987
Sponsors
No sponsors or actors listed by the source.
Related records
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Sources
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- Official source: https://www.congress.gov/bill/100th-congress/senate-bill/1617
- Open data entity: https://api.congress.gov/v3/bill/100/s/1617