United States · Bill · S
S. 3676 (93rd)
A bill to amend section 174 of the Internal Revenue Code of 1954 to insure its uniform application to business products.
Introduced
19 June 1974
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
States that any expenditure paid or incurred by a taxpayer in connection with his trade or business for the development or improvement of a product shall be treated, under the Internal Revenue Code, as a research or experimental expenditure irrespective of the nature of such product and irrespective of whether the product constitutes the result of research on a literary, historical, or similar project. (Amends 26 U.S.C. 174)
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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 · 19 June 1974
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/93rd-congress/senate-bill/3676
- Open data entity: https://api.congress.gov/v3/bill/93/s/3676