Summary: H.R.2671 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for H.R.2671. Bill summaries are authored by CRS.

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Introduced in House (05/25/2017)

21st Century Investment Act of 2017

This bill amends the Internal Revenue Code to: (1) modify the tax credit for increasing research activities to allow an increased 25% tax credit rate for expenses for research, substantially all of which occurs in the United States; and (2) increase to 15%, through 2024, the tax deduction for income attributable to domestic manufacturing production activities for which substantially all of the research and development occurred in the United States.