HR 1773

112th CONGRESS
1st Session

H. R. 1773

To amend the Internal Revenue Code of 1986 to make the research credit permanent, increase expensing for small businesses, reduce corporate tax rates, and for other purposes.

IN THE HOUSE OF REPRESENTATIVES

May 5, 2011

Mr. GERLACH (for himself and Mr. KISSELL) 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 make the research credit permanent, increase expensing for small businesses, reduce corporate tax rates, and for other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. RESEARCH CREDIT MADE PERMANENT.

SEC. 3. INCREASE IN RATE OF ALTERNATIVE SIMPLIFIED CREDIT.

SEC. 4. REPEAL THE ALTERNATIVE INCREMENTAL CREDIT.

SEC. 5. INCREASED SECTION 179 EXPENSING MADE PERMANENT.

SEC. 6. REDUCTION IN TOP CORPORATE MARGINAL RATE.

SEC. 7. STUDIES.

END