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Titles (1)

Official Titles

Official Titles - Senate

Official Titles as Introduced

A bill to amend the Internal Revenue Code of 1986 with respect to the allocation of research and experimental expenditures.

Actions Overview (1)

08/06/1987Introduced in Senate

All Actions (1)

08/06/1987Read twice and referred to the Committee on Finance.
Action By: Senate

Committees (1)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
Senate Finance08/06/1987 Referred to

No related bill information was received for S.1617.

Subjects (6)

Latest Summary (1)

There is one summary for S.1617. View summaries

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.