PoliticalRepoPoliticalRepo

United States · Bill · S

S. 716 (100th)

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

openUnited States· United States Congress· EN

Introduced

11 March 1987

Last action

—

Status

Subcommittee on Taxation and Debt Management. Hearings held. Hearings printed: S.Hrg. 100-156.

Sponsors

—

Subjects

Discovery layer

Source updated

14 January 2025

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to require deductions for research and experimental expenditures to be allocated to income from sources within the United States. Repeals a provision of the Tax Reform Act of 1986 which establishes a one-year requirement that 50 percent of such expenditures be allocated to U.S. income and the remainder on the basis of gross sales or gross income.

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

Timeline

No timeline events have been ingested for this record yet.

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Sponsors

No sponsors or actors listed by the source.

Related records

No cross-record relationships stored yet.

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.