,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #cgeg  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,decemb] #ab1         
#bjac,mr4 ,pet]s ( ,cali=nia 7= himself1
 ,mr4 ,honda1 ,ms4 ,del,bene1 ,mr4      
,murphy ( ,florida1 & ,ms4 ,l(gr57      
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means  ,a     
,,bill  ,to am5d ! ,int]nal ,rev5ue     
,code ( #aihf to ext5d ! rese>* cr$it "o
 ye>1 to increase & make p]man5t !      
alt]native simplifi$ rese>* cr$it1 & to 
provide a #bj p]c5t cr$it = paym5ts to  
biote*nology rese>* consortiums =       
biote*nology rese>*4  #a4 ,%ort title   
,?is ,act may be cit$ z ! ,ignit+       
,am]ican ,rese>* ,act4  #b4 #a-,ye>     
ext5sion ( rese>* cr$it2 alt]native     
simplifi$ rese>* cr$it increas$ & made  
p]man5t  7a7 #a-,ye> ext5sion ( cr$it   
7#a7 ,9 g5]al ,subp>agraph 7,b7 (       
section #da7;h77#a7 ( ! ,int]nal ,rev5ue
 ,code ( #aihf is am5d$ by /rik+        
,decemb] #ca1 #bjac & ins]t+ ,decemb]   
#ca1 #bjad4  7#b7 ,con=m+ am5dm5t       

,subp>agraph 7,d7 ( section             
#de;,c7b77#a7 ( su* ,code is am5d$ by   
/rik+ ,decemb] #ca1 #bjac & ins]t+      
,decemb] #ca1 #bjad4  7#c7 ,effective   
date ,! am5dm5ts made by ?is subsection 
%all apply to am\nts paid or incurr$    
aft] ,decemb] #ca1 #bjac4  7b7          
,alt]native simplifi$ rese>* cr$it      
increas$ & made p]man5t  7#a7 ,increas$ 
cr$it ,subp>agraph 7,a7 ( section       
#da7;c77#e7 ( su* ,code 7relat+ to      
election ( alt]native simplifi$ cr$it7  
is am5d$ by /rik+ #ad p]c5t 7#ab p]c5t 9
 ! case ( taxable ye>s end+ be=e ,janu>y
 #a1 #bjji7 & ins]t+ #bj p]c5t4  7#b7   
,cr$it made p]man5t  7,a7 ,9 g5]al      
,subsection 7h7 ( section #da ( su*     
,code is am5d$ by r$esignat+ ! p>agraph 
7#b7 relat+ to computation ( taxable ye>
 9 :i* cr$it t]m9ates z p>agraph 7#d7 & 
by ins]t+ be=e su* p>agraph ! foll[+ new
 p>agraph3  7#c7 ,t]m9ation n to apply  
to alt]native simplifi$ cr$it ,p>agraph 
7#a7 %all n apply to ! cr$it det]m9$ "u 
subsection 7c77#e74  4  7,b7 ,con=m+    

am5dm5t ,p>agraph 7#d7 ( section #da7;h7
 ( su* ,code1 z r$esignat$ by           
subp>agraph 7,a71 is am5d$ to read z    
foll[s3  7#d7 ,computation = taxable ye>
 9 :i* cr$it t]m9ates ,9 ! case ( any   
taxable ye> ) respect to :i* ?is section
 applies to a numb] ( days :i* is less  
?an ! total numb] ( days 9 su* taxable  
ye>1 ! am\nt det]m9$ "u subsection      
7c77#a77;,b7 ) respect to su* taxable   
ye> %all be ! am\nt :i* be>s ! same     
ratio to su* am\nt 7det]m9$ )\t reg>d to
 ?is p>agraph7 z ! numb] ( days 9 su*   
taxable ye> to :i* ?is section applies  
be>s to ! total numb] ( days 9 su*      
taxable ye>4  4  7#c7 ,effective date ,!
 am5dm5ts made by ?is subsection %all   
apply to taxable ye>s end+ aft] ,decemb]
 #ca1 #bjac4  #c4 ,biote*nology rese>*  
7a7 #bj p]c5t cr$it = paym5ts to        
biote*nology rese>* consortium =        
biote*nology rese>*  7#a7 ,9 g5]al      
,section #da7;a77#c7 ( ! ,int]nal       
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 or a biote*nology rese>* consortium =  

biote*nology rese>* be=e ! p]iod at !   
end4  7#b7 ,limitation ,section #da7;a7 
( ! ,int]nal ,rev5ue ,code ( #aihf is   
am5d$ by add+ at ! end ! foll[+ flu%    
s5t5ce3 ,! am\nts tak5 into acc\nt =    
purposes ( p>agraph 7#c7 = a taxable ye>
 may n exce$ ! great] ( #bj p]c5t ( !   
am\nts paid or incurr$ by ! taxpay] dur+
 ! taxable ye> 7includ+ z contributions7
 to an en]gy rese>* consortium = en]gy  
rese>* or #bj p]c5t ( ! am\nts paid or  
incurr$ by ! taxpay] dur+ ! taxable ye> 
7includ+ z contributions7 to a          
biote*nology rese>* consortium =        
biote*nology rese>*44  7b7 ,biote*nology
 contract rese>* exp5ses ,section       
#da7;b77#c77;,d77i7 ( ! ,int]nal ,rev5ue
 ,code ( #aihf is am5d$ by /rik+ en]gy  
rese>* & ins]t+ en]gy or biote*nology   
rese>*4  7c7 ,special rules             
,subp>agraphs 7,a77ii7 & 7,b77ii7 (     
section #da7;f77#a7 ( ! ,int]nal ,rev5ue
 ,code ( #aihf are bo? am5d$ by /rik+   
consortiums1 & ins]t+ consortiums & to  
biote*nology rese>* consortiums14  7d7  

,biote*nology rese>* consortium def9$   
,section #da7;f7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by add+ at ! end 
! foll[+ new p>agraph3  7#g7            
,biote*nology rese>* consortium  7,a7 ,9
 g5]al ,! t]m biote*nology rese>*       
consortium means any organization-- 7i7 
:i* is-- 7,i7 describ$ 9 section        
#eja7;c77#c7 & is exempt f tax "u       
section #eja7;a7 & is organiz$ & op]at$ 
prim>ily to conduct biote*nology rese>*1
 or  7,,ii7 organiz$ & op]at$ prim>ily  
to conduct biote*nology rese>* 9 !      
public int]e/ 7)9 ! mean+ ( section     
#eja7;c77#c771  7ii7 :i* is n a private 
f\ndation1  7iii7 to :i* at lea/ #c     
unrelat$ p]sons paid or incurr$ dur+ !  
cal5d> ye> 9 :i* ! taxable ye> ( !      
organization beg9s am\nts 7includ+ z    
contributions7 to su* organization =    
biote*nology rese>*1 &  7iv7 to :i* no  
s+le p]son paid or incurr$ 7includ+ z   
contributions7 dur+ su* cal5d> ye> an   
am\nt equal to m ?an #ej p]c5t ( ! total
 am\nts receiv$ by su* organization dur+

 su* cal5d> ye> = biote*nology rese>*4  
7,b7 ,applicable rules ,= purposes (    
subp>agraph 7,a71 rules simil> to !     
rules ( subp>agraphs 7,b71 7,c7 7appli$ 
by sub/itut+ biote*nology = rese>*71 &  
7,d7 ( p>agraph 7#f7 %all apply4  7,c7  
,biote*nology rese>* ,! t]m biote*nology
 rese>* does n include-- 7i7 any rese>* 
:i* is n qualifi$ rese>*1 &  7ii7 any   
rese>* :i* is en]gy rese>*4  4  7e7     
,en]gy rese>* consortium ,section       
#da7;f77,a77iii7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by /rik+ #e      
unrelat$ p]sons & ins]t+ #c unrelat$    
p]sons4  7f7 ,effective date ,! am5dm5ts
 made by ?is section %all apply to      
taxable ye>s beg9n+ aft] ,decemb] #ca1  
#bjac4