HR 871

112th CONGRESS
1st Session

H. R. 871

To amend the Internal Revenue Code of 1986 to make the credit for research activities permanent and to provide an increase in such credit for taxpayers whose gross receipts are predominantly from domestic production activities.

IN THE HOUSE OF REPRESENTATIVES

March 2, 2011

Mr. SHULER (for himself, Mr. HUNTER, Mr. MANZULLO, Mr. BISHOP of Georgia, Mr. RIBBLE, Mr. MCKINLEY, and Mr. LIPINSKI) 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 credit for research activities permanent and to provide an increase in such credit for taxpayers whose gross receipts are predominantly from domestic production activities.

SECTION 1. CREDIT FOR RESEARCH ACTIVITIES MADE PERMANENT AND INCREASED FOR TAXPAYERS WITH DOMESTIC PRODUCTION ACTIVITIES.

-----------------------------------------------------------------------------------------------------------------------
`In the case of a taxpayer whose domestic production activity percentage is: The bonus number of percentage points is: 
-----------------------------------------------------------------------------------------------------------------------
More than 50% but not more than 60%                                                                                  2 
More than 60% but not more than 70%                                                                                  4 
More than 70% but not more than 80%                                                                                  6 
More than 80% but not more than 90%                                                                                  8 
More than 90%                                                                                                      10. 
-----------------------------------------------------------------------------------------------------------------------

END