Summary: H.R.942 — 112th Congress (2011-2012)All Information (Except Text)

There is one summary for H.R.942. Bill summaries are authored by CRS.

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Introduced in House (03/08/2011)

American Research and Competitiveness Act of 2011 - Amends the Internal Revenue Code to: (1) extend through December 31, 2012, the tax credit for increasing research activities; and (2) increase the rate of the alternative simplified tax credit to 20% and make such credit permanent.