Research Tax Credit: Current Status, Legislative Proposals in the 109th Congress, and Policy Issues Page: 3 of 33
View a full description of this report.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Contents
Introduction ...................................
Design of the Current R&E Tax Credit ..............
Regular Research Credit .....................
Qualified Research Expenditures ...........
Alternative Incremental Research Credit .........
Basic Research Credit .......................
Energy Research Credit ......................
Legislative History of the Research Tax Credit ........
Effectiveness of the Research Tax Credit ............
Policy Issues Raised by the Current Research Tax Credit
Lack of Permanence .........................
Weak and Disparate Incentive Effect ...........
Uneven Incentive Effect ..................
W eak Incentive Effect ...................
Non-refundable Status .......................
Unsettled Definition of Qualified Research .......
Lack of Focus on R&D With Large Social Returns .. . . . . . . . . . . . . . . . . . . 1
. . . . . . . . . . . . . . . . . . . 3
. . . . . . . . . . . . . . . . . . . 3
. . . . . . . . . . . . . . . . . . . 4
. . . . . . . . . . . . . . . . . . . 7
. . . . . . . . . . . . . . . . . . . 9
. . . . . . . . . . . . . . . . . . 10
. . . . . . . . . . . . . . . . . . 10
. . . . . . . . . . . . . . . . . . 13
. . . . . . . . . . . . . . . . . . 17
. . . . . . . . . . . . . . . . . . 18
. . . . . . . . . . . . . . . . . . 18
. . . . . . . . . . . . . . . . . . 18
. . . . . . . . . . . . . . . . . .2 0
. . . . . . . . . . . . . . . . . .2 3
. . . . . . . . . . . . . . . . . .2 4
. . . . . . . . . . . . . . . . . .2 6Legislation in the 109th Congress to Change the Research Tax Credit
........27
List of Tables
Table 1. Sample Calculations of the Regular and Alternative Incremental
R&E Tax Credits in 2003 for an Established Firm ...............
Table 2. Sample Calculations of the Regular and Alternative Incremental
R&E Tax Credits in 2003 for a Start-up Firm ...................
Table 3. U.S. Industrial R&D Spending, Federal R&D Spending, and the
Research Tax Credit, 1996 to 2003 ...........................
Table 4. Bills in the 109th Congress to Extend or Modify the R&E
Tax Credit ..................................................6
.....8
.... 17
.... 30
Upcoming Pages
Here’s what’s next.
Search Inside
This report can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Report.
Research Tax Credit: Current Status, Legislative Proposals in the 109th Congress, and Policy Issues, report, September 22, 2006; Washington D.C.. (https://digital.library.unt.edu/ark:/67531/metadc805416/m1/3/: accessed July 16, 2024), University of North Texas Libraries, UNT Digital Library, https://digital.library.unt.edu; crediting UNT Libraries Government Documents Department.