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United States · Bill · S

S. 2199 (109th)

PACE-Finance Act

openUnited States· United States Congress· EN

Introduced

26 January 2006

Last action

26 September 2006 · Introduced

Status

Sponsor introductory remarks on measure. (CR S10127)

Sponsors

Sen. Domenici, Pete V. [R-NM], Sen. Bingaman, Jeff [D-NM], Sen. Alexander, Lamar [R-TN], Sen. Mikulski, Barbara A. [D-MD], Sen. Lugar, Richard G. [R-IN], Sen. Dodd, Christopher J. [D-CT], Sen. Warner, John [R-VA], Sen. Obama, Barack [D-IL], Sen. Bond, Christopher S. [R-MO], Sen. Lieberman, Joseph I. [ID-CT], Sen. Burns, Conrad R. [R-MT], Sen. Murray, Patty [D-WA], Sen. Craig, Larry E. [R-ID], Sen. Bayh, Evan [D-IN], Sen. Hutchison, Kay Bailey [R-TX], Sen. Cantwell, Maria [D-WA], Sen. DeWine, Mike [R-OH], Sen. Menendez, Robert [D-NJ], Sen. Thomas, Craig [R-WY], Sen. Kohl, Herb [D-WI], Sen. Smith, Gordon H. [R-OR], Sen. Kerry, John F. [D-MA], Sen. Voinovich, George V. [R-OH], Sen. Nelson, Bill [D-FL], Sen. Allen, George [R-VA], Sen. Leahy, Patrick J. [D-VT], Sen. Talent, Jim [R-MO], Sen. Akaka, Daniel K. [D-HI], Sen. Chambliss, Saxby [R-GA], Sen. Clinton, Hillary Rodham [D-NY], Sen. Cornyn, John [R-TX], Sen. Stabenow, Debbie [D-MI], Sen. Coleman, Norm [R-MN], Sen. Dayton, Mark [D-MN], Sen. Martinez, Mel [R-FL], Sen. Salazar, Ken [D-CO], Sen. Inouye, Daniel K. [D-HI], Sen. Stevens, Ted [R-AK], Sen. Biden, Joseph R., Jr. [D-DE], Sen. Cochran, Thad [R-MS], Sen. Hagel, Chuck [R-NE], Sen. Murkowski, Lisa [R-AK], Sen. Pryor, Mark L. [D-AR], Sen. Collins, Susan M. [R-ME], Sen. Vitter, David [R-LA], Sen. Landrieu, Mary L. [D-LA], Sen. Lautenberg, Frank R. [D-NJ], Sen. Johnson, Tim [D-SD]

Subjects

Taxation, Education

Source updated

15 August 2025

Taxation · Education

Official sourceDownload fileView documentsShare

Summary

Protecting America's Competitive Edge Through Tax Incentives Act of 2006 or the PACE-Finance Act - Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities; (2) increase the rate of such credit from 20 to 40%; (3) expand such credit to include expenses of a research consortia; and (4) allow a business tax credit for the cost of employee continuing education in science or engineering. Directs the Secretary of the Treasury to: (1) study and make recommendations on methods to expand the scope of the tax credit for increasing research activities; (2) conduct an analysis of the U.S. tax system and its effect on innovation investment and related activities; and (3) report on such studies to the President and Congress.

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

Timeline

  1. 26 January 2006

    Introduced

    Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S224-225)

    Source: IntroReferral

  2. 26 January 2006

    Introduced

    Sponsor introductory remarks on measure. (CR S212)

    Source: IntroReferral

  3. 26 January 2006

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 26 September 2006

    Introduced

    Sponsor introductory remarks on measure. (CR S10127)

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in Senate (text)

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  • Introduced in Senate (text)

    Introduced in Senate · EN · 26 January 2006

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  • Introduced in Senate (PDF)

    Introduced in Senate · EN · 26 January 2006

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  • Introduced in Senate

    summary · EN · 26 January 2006

    Open at official source

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Sponsors

Showing 48 of 63 sponsors and actors.

Related records

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Sources

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