Summary: H.R.3428 — 113th Congress (2013-2014)All Information (Except Text)

There is one summary for H.R.3428. Bill summaries are authored by CRS.

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Introduced in House (10/30/2013)

Amends the Internal Revenue Code to: (1) allow through 2018 a new business-related tax credit for an increase in expenditures for qualified development expenses (defined as the sum of any in-house and contract development expenses incurred in the trade or business of a taxpayer), (2) increase to 20% the rate of the alternative simplified research tax credit, and (3) extend through 2018 the tax credit for increasing research activities.