SENSENBRENNER CALLS FOR PERMANENT R&D TAX CREDIT
U.S. House Science Committee Chairman, James Sensenbrenner (R-WI) has introduced H.R. 760, a bill to make the national research and development tax credit permanent. Ranking Minority Member George Brown (D-CA) has agreed to cosponsor the legislation.
Proponents of the bill say making the credit permanent would remove uncertainty and disincentives for companies in pursuing longer-term research projects.