Coalition's Legislative Objectives:
The objectives of the R&D Credit Coalition are: a strong, permanent R&D credit of commensurate rate for all companies; a 20 percent simplified credit; and an extension of the traditional credit.
Current Number of Cosponsors on R&D Credit Bill
H.R. 2138 (Levin
/ Camp): 167
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Cosponsor List
Current Number of Cosponsors on R&D Credit
Bill
S. 2209 (Hatch
/ Baucus): 19
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Cosponsor List
Current Number of Cosponsors on R&D Credit
Bill
S. 2886 (Baucus
/ Grassley): 12
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Cosponsor List
2008 Legislative Update:
The R&D tax credit expired 12/31/07 for the 13th time. Senate Finance
Chairman Max Baucus and Ranking Member Charles Grassley introduced
4/17/08 S. 2886, the “Alternative Minimum Tax and Extenders Tax Relief
Act of 2008,” a bill that includes a 2 year extension of the R&D tax
credit through the end of 2009 and strengthens the credit by phasing
in over two years an increase in the new credit formula (Alternative
Simplified Credit) rate to 14% in 2008 and 16% in 2009. Senate Finance
Committee markup of S. 2886 may occur before the congressional Memorial
Day recess.
The R&D Credit Coalition is a group of more than 100 trade and professional associations along with small, medium and large companies that collectively represent millions of American workers engaged in U.S.-based research throughout major sectors of the U.S. economy, including aerospace, agriculture, biotechnology, chemicals, electronics, energy, information technology, manufacturing, medical technology, pharmaceuticals, software and telecommunications.
For more information about the R&D Credit Coalition, please contact Monica McGuire, Executive Secretary, at 202-637-3076.