Research Tax Credit : Current Law, Legislation in the 112th Congress, and Policy Issues.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Business.

Investments.

Research.

Tax incentives.

Physical Description:

1 online resource (1 online resource (37 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

This report is one in a series of updates. For the most recent coverage of this report series, please see 12-RL-31181d in the 2012 issue.

Reviews status of the research and experimentation (R&E) tax credit, which seeks to stimulate business R&D investment by reducing the after-tax cost of qualified research above a base amount. Examines the design, effectiveness, legislative history, and stimulative effect of the R&E tax credit. Outlines key R&E tax credit policy issues, including a lack of permanence, uneven and inadequate incentive effect, non-refundable status, incomplete and ambiguous definition of qualified research, and insufficient focus on innovative research projects. Discusses legislation in the 112th Congress to modify and extend the R&E tax credit.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. Research Tax Credit

Access Restriction:

Restricted for use by site license.