Investment in America Act of 2007
Last action on May 3, 2007Referred to the House Committee on Ways and Means.
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Summary
Investment in America Act of 2007 - Amends the Internal Revenue Code to: (1) increase from 12 to 20% the rate of the alternative simplified tax credit for research expenses; (2) make permanent the tax credit for increasing research activities; and (3) repeal the alternative incremental tax credit for research expenses.
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