HR 760 IH.
Re: amending the I.R.C. to make permanent the research credit.
Date introduced: February 12, 1999.
Sponsor: Rep. James Sensenbrenner (R-WI).
Source: Library of Congress.

To amend the Internal Revenue Code of 1986 to permanently extend the research credit .

IN THE HOUSE OF REPRESENTATIVES

February 12, 1999

Mr. SENSENBRENNER introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to permanently extend the research credit .

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. RESEARCH CREDIT MADE PERMANENT.

(a) IN GENERAL- Section 41 of the Internal Revenue Code of 1986 (relating to credit for increasing research activities) is amended by striking subsection (h).

(b) CONFORMING AMENDMENT- Paragraph (1) of section 45C(b) of such Code is amended by striking subparagraph (D).

(c) EFFECTIVE DATE- The amendments made by this section shall apply to amounts paid or incurred after June 30, 1999.