R&D tax credit would be made permanent by twin bills in House and Senate.
Executive Summary
R&D TAX CREDIT WOULD BECOME PERMANENT UNDER HOUSE & SENATE BILLS introduced by Rep. Johnson (R-Conn.) Feb. 2 and Sen. Hatch (R-Utah) Feb. 3. The bills -- HR 803 and S 351 -- are worded identically to "amend the Internal Revenue Code of 1986 to make permanent the credit for increasing research activities."