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113th Congress > House > Vote 849
Clerk session vote number: 210
Sponsor: BRADY, Kevin Patrick (R-TX)
Description: American Research and Competitiveness Act of 2014
Bill summary: American Research and Competitiveness Act of 2014 - Amends the Internal Revenue Code to establish a permanent research tax credit that allows for: (1) 20% of the qualified or basic research expenses that exceed 50% of the average qualified or basic research expenses for the 3 preceding taxable years, and (2) 20% of amounts paid to an energy research consortium for energy research. Reduces such credit rate to 10% if a taxpayer has no qualified research expenses in any one of the 3 preceding
taxable years.
Prohibits the entry of the budgetary effects of this Act on any PAYGO scorecard.
Bill titles: To amend the Internal Revenue Code of 1986 to simplify and make permanent the research credit.
Links for more info on the vote: congress.gov