US HB2671 | 2017-2018 | 115th Congress
Status
Spectrum: Partisan Bill (Democrat 6-0)
Status: Introduced on May 25 2017 - 25% progression, died in committee
Action: 2017-05-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on May 25 2017 - 25% progression, died in committee
Action: 2017-05-25 - Referred to the House Committee on Ways and Means.
Pending: House Ways And Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
21st Century Investment Act of 2017
Sponsors
| Rep. Anthony Brown [D-MD] | Rep. Eleanor Norton [D-DC] | Rep. William Keating [D-MA] | Rep. Michelle Lujan Grisham [D-NM] |
| Rep. Elijah Cummings [D-MD] | Rep. David Cicilline [D-RI] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-05-25 | House | Referred to the House Committee on Ways and Means. |
| 2017-05-25 | House | Introduced in House |
Subjects
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/2671/all-info |
| Text | https://www.congress.gov/115/bills/hr2671/BILLS-115hr2671ih.pdf |
