S 195 IS.
Re: amending the I.R.C. to make permanent the research credit.
Date introduced: January 19, 1999.
Sponsor: Sen. Barbara Boxer (D-CA).
Source: Library of Congress.

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

IN THE SENATE OF THE UNITED STATES

January 19, 1999

Mrs. BOXER introduced the following bill; which was read twice and referred to the Committee on Finance

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. PERMANENT EXTENSION OF RESEARCH CREDIT .

(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.