H.R.1773 - Made in America Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Gerlach, Jim [R-PA-6] (Introduced 05/05/2011)|
|Committees:||House - Ways and Means|
|Latest Action:||House - 05/05/2011 Referred to the House Committee on Ways and Means. (All Actions)|
This bill has the status Introduced
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Summary: H.R.1773 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in House (05/05/2011)
Made in America Act of 2011 - Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities; (2) increase to 20% the rate of the alternative simplified tax credit for research expenses and repeal the taxpayer election to take an alternative incremental credit for such expenses; (3) make permanent the increased expensing allowance for depreciable business property; and (4) reduce to 30% the maximum income tax rate for corporations, including personal service corporations.
Directs the Comptroller General to conduct studies of: (1) the impact of workplace employee health care facilities on employee health and and productivity, and (2) the best practices for encouraging college graduates from rural areas to return to those areas after graduation.