There is one summary for S.1617. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (08/06/1987)

Amends the Internal Revenue Code to increase from 50 percent to 67 percent the amount of research and development expenditures that a company must allocate to income from sources within the United States. Establishes a special rule for the qualified research and experimental expenditures required by governmental entities.

Requires companies to report on a consolidated basis with respect to the expenditures associated with this source rule.