HR 132

112th CONGRESS
1st Session

H. R. 132

To amend the Internal Revenue Code of 1986 to increase the credit for research expenses for 2011 and 2012 and to allow the credit to be assigned.

IN THE HOUSE OF REPRESENTATIVES

January 5, 2011

Mr. HOLT (for himself and Mr. KIND) 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 increase the credit for research expenses for 2011 and 2012 and to allow the credit to be assigned.

SECTION 1. SHORT TITLE.

SEC. 2. INCREASE IN RESEARCH EXPENSES TAKEN INTO ACCOUNT FOR THE RESEARCH CREDIT.

SEC. 3. TRANSFERABILITY OF RESEARCH CREDIT.

END