Research and Development Tax Credit Extension Act of 2013

Research and Development Tax Credit Extension Act of 2013 - Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities, and (2) increase the rate of the alternative simplified research tax credit.

[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 905 Introduced in House (IH)]

113th CONGRESS
  1st Session
                                H. R. 905

To amend the Internal Revenue Code of 1986 to make the research credit 
 permanent and to increase the alternative simplified research credit.


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                    IN THE HOUSE OF REPRESENTATIVES

                           February 28, 2013

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

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to make the research credit 
 permanent and to increase the alternative simplified research credit.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Research and Development Tax Credit 
Extension Act of 2013''.

SEC. 2. RESEARCH CREDIT MADE PERMANENT; INCREASE IN ALTERNATIVE 
              SIMPLIFIED RESEARCH CREDIT.

    (a) Research Credit Made Permanent.--
            (1) In general.--Section 41 of the Internal Revenue Code of 
        1986 is amended by striking subsection (h).
            (2) Conforming amendments.--
                    (A) Subsection (c) of section 41 of such Code is 
                amended by striking paragraph (4).
                    (B) Paragraph (1) of section 45C(b) of such Code is 
                amended by striking subparagraph (D).
            (3) Effective date.--The amendments made by this subsection 
        shall apply to amounts paid or incurred after December 31, 
        2013.
    (b) Increase in Alternative Simplified Research Credit.--
            (1) In general.--Subparagraph (A) of section 41(c)(5) of 
        such Code (relating to election of alternative simplified 
        credit) is amended by striking ``14 percent (12 percent in the 
        case of taxable years ending before January 1, 2009)'' and 
        inserting ``17 percent''.
            (2) Effective date.--The amendments made by this subsection 
        shall apply to taxable years ending after the date of the 
        enactment of this Act.
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