Sec. 203. Permanent extension of research credit; increase in alternative simplified research credit
138 words·~1 min read·
/bill/113/hr/3939/ih/section-203A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 41 of the Internal Revenue Code of 1986 is amended by striking subsection (h). Such Code is amended— in section 41(c) by striking paragraph
(4)and redesignating paragraphs
(5)and
(6)as paragraphs
(4)and (5), respectively; in section 41(c)(4), as so redesignated, by striking the second sentence of subparagraph (C); and in paragraph
(1)of section 45C(b) by striking subparagraph (D). The amendments made by this subsection shall apply to amounts paid or incurred after December 31, 2013. Subparagraph
(A)of section 41(c)(4) of such Code, as redesignated by subsection (a), is amended by striking 14 percent (12 percent in the case of taxable years ending before January 1, 2009) and inserting 17 percent . The amendments made by this subsection shall apply to taxable years beginning after the date of the enactment of this Act.