House Bill Would Make R&D Tax Credit Permanent

Law360, New York (December 13, 2013, 3:11 PM EST) -- The tax credit for research and development is set to expire at the end of the month, but a bill proposed Thursday would make it permanent and increase its value.

The legislation, introduced by Rep. Scott Peters, D-Calif., is similar to a bill proposed last week by Julia Brownley, another California member of the House. The proposals differ in the amount that the tax credit would increase: Brownley’s bill would raise the credit to 50 percent, whereas Peters’ bill would raise it to 20 percent....
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