HR.1773 Made in America Act of 2011
To amend the Internal Revenue Code of 1986 to make the research credit permanent, increase expensing for small businesses, reduce corporate tax rates, and for other purposes.
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Summary:
5/5/2011--Introduced.Made in America Act of 2011 - Amends the Internal Revenue Code to: (1) make permanent the tax credit for increasing research activities; (2) increase to 20% the rate of the alternative simplified tax credit for research expenses and repeal the taxpayer election to take an alternative incremental credit for such expenses; (3) make permanent the increased expensing allowance for depreciable business property; and (4) reduce to 30% the maximum income tax rate for corporations, including personal service corporations. Directs the Comptroller General to conduct studies of: (1) the impact of workplace employee health care facilities on employee health and and productivity, and (2) the best practices for encouraging college graduates from rural areas to return to those areas after graduation.
Actions:
Referred to the House Committee on Ways and Means.
Question:
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