HR 689

112th CONGRESS
1st Session

H. R. 689

To amend the Internal Revenue Code of 1986 to make permanent the credit for increasing research activities, to increase such credit for amounts paid or incurred for qualified research occurring in the United States, and to increase the domestic production activities deduction for the manufacture of property substantially all of the research and development of which occurred in the United States.

IN THE HOUSE OF REPRESENTATIVES

February 14, 2011

Ms. EDWARDS (for herself, Mr. BARTLETT, Mr. GARAMENDI, Ms. FUDGE, Mr. FILNER, Ms. NORTON, Ms. TSONGAS, Mr. BISHOP of Georgia, Mr. CICILLINE, Mr. HOLT, and Mr. JACKSON of Illinois) 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 permanent the credit for increasing research activities, to increase such credit for amounts paid or incurred for qualified research occurring in the United States, and to increase the domestic production activities deduction for the manufacture of property substantially all of the research and development of which occurred in the United States.

SECTION 1. SHORT TITLE.

SEC. 2. RESEARCH CREDIT MADE PERMANENT.

SEC. 3. INCREASE IN RESEARCH CREDIT FOR CONTRACTED RESEARCH WITH UNITED STATES BUSINESSES.

SEC. 4. INCREASE IN DOMESTIC PRODUCTION ACTIVITIES DEDUCTION FOR MANUFACTURED PROPERTY RESEARCHED AND DEVELOPED IN UNITED STATES.

END