Research Tax Credit : Current Law and Policy Issues for the 114th Congress.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Budget--United States.

Budget.

United States.

Investments.

Tax credits.

Physical Description:

1 online resource (1 online resource (38 pages)) : digital, PDF file

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2009.

System Details:

System requirements: PDF reader software.

text file

PDF

Summary:

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 113th and 114th Congresses to modify and extend the R&E tax credit, and summarizes Obama Administration budget request for FY2016.

Notes:

CRS Report.

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Sept. 2015). Reuse except for individual research requires license from ProQuest, LLC.

Other Format:

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

Access Restriction:

Restricted for use by site license.