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

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

1. 11 March 1987

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 11 March 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 3 April 1987

   Committee

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

   Source: Committee

Votes

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Versions

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Documents

1 official file

• Introduced in Senate

  summary · EN · 11 March 1987

  Open at official source

Sponsors

• Sen. Wallop, Malcolm [R-WY] · R · Sponsor
• Sen. Baucus, Max [D-MT] · D · Sponsor
• Sen. Danforth, John C. [R-MO] · R · Sponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Sponsor
• Sen. Chafee, John H. [R-RI] · R · Sponsor
• Sen. Roth Jr., William V. [R-DE] · R · Sponsor
• Sen. Boren, David L. [D-OK] · D · Sponsor
• Sen. Pryor, David H. [D-AR] · D · Sponsor
• Sen. Heinz, John [R-PA] · R · Sponsor
• Sen. Durenberger, Dave [R-MN] · R · Sponsor
• Sen. Armstrong, William L. [R-CO] · R · Sponsor
• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Sen. Rockefeller, John D., IV [D-WV] · D · Sponsor
• Sen. Symms, Steven D. [R-ID] · R · Sponsor
• Sen. Lautenberg, Frank R. [D-NJ] · D · Cosponsor
• Sen. McCain, John [R-AZ] · R · Cosponsor
• · ssfi00 · Standing

Related records

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