S 2884 · 110th Congress 2007–2009, ended

Research and Development Tax Credit Improvement Act of 2008

Introduced Apr 17, 2008 Originated Senate Sponsor Susan M. Collins R-ME

Fact sheet

Latest action · Apr 17, 2008 Read twice and referred to the Committee on Finance.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

IntroducedApr 17, 2008
Passed SenateNot reached
Passed HouseNot reached
To the PresidentNot reached
Became lawNot reached

Summary

Research and Development Tax Credit Improvement Act of 2008 - Amends the Internal Revenue Code to revise the tax credit for increasing research activities by: (1) phasing in increases in the alternative simplified tax credit rate through 2009; (2) establishing a 20% alternative simplified tax credit rate in 2010 in lieu of the standard research tax credit rate; (3) increasing the amount of basic and contract research expenses eligible for such tax credit; and (4) extending such credit through 2012.

Cosponsors 2

Members who signed on, in the order they did. Signatures ran from Apr 17, 2008 to May 8, 2008, with 1 there on the day it was introduced.

Seat	Cosponsor		Signed on
R-UT	Orrin G. Hatch	Original	Apr 17, 2008
R-TN	Lamar Alexander		May 8, 2008

Actions 3

Everything that happened, newest first.

Apr 17, 2008Introduced in Senate
Apr 17, 2008Read twice and referred to the Committee on Finance.
Apr 17, 2008Sponsor introductory remarks on measure. (CR S3155)

Related bills 4

Companion bills and other measures the record links to this one.

Bill	Title	Relationship	Latest action
S 41	Research Competitiveness Act of 2007	Related bill	Jan 4, 2007
HR 1712	Research and Development Tax Credit Act of 2007	Related bill	Mar 27, 2007
S 2209	Research Credit Improvement Act of 2007	Related bill	Oct 19, 2007
HR 5681	Innovation Tax Credit Act of 2008	Related bill	Apr 2, 2008

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

Apr 17, 2008Introduced in Senate

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.