Text: H.R.119 — 113th Congress (2013-2014)All Information (Except Text)

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Introduced in House (01/03/2013)


113th CONGRESS
1st Session
H. R. 119


To amend the Internal Revenue Code to make permanent the credit for increasing research activities.


IN THE HOUSE OF REPRESENTATIVES

January 3, 2013

Mr. Holt introduced the following bill; which was referred to the Committee on Ways and Means


A BILL

To amend the Internal Revenue Code to make permanent the credit for increasing research activities.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Permanent extension of research credit.

(a) In general.—Section 41 of the Internal Revenue Code of 1986 is amended by striking subsection (h).

(b) Conforming amendment.—Paragraph (1) of section 45C(b) of such Code is amended by striking subparagraph (D).

(c) Effective date.—The amendments made by this section shall apply to amounts paid or incurred after December 31, 2011.