,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #ije  ,,in ,,the ,,house ,,of   
,,representatives  ,february #bh1 #bjac 
,mr4 ,carney introduced the following   
bill2 which was referred to the         
,committee on ,ways and ,means  ,a      
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to make the research    
credit permanent and to increase the    
alternative simplified research credit4 
#a4 ,short title ,this ,act may be cited
 as the ,research and ,development ,tax 
,credit ,extension ,act of #bjac4  #b4  
,research credit made permanent2        
increase in alternative simplified      
research credit  7a7 ,research credit   
made permanent  7#a7 ,in general        
,section #da of the ,internal ,revenue  
,code of #aihf is amended by striking   
subsection 7h74  7#b7 ,conforming       
amendments  7,a7 ,subsection 7c7 of     
section #da of such ,code is amended by 
striking paragraph 7#d74  7,b7          
,paragraph 7#a7 of section #de;,c7b7 of 
such ,code is amended by striking       

subparagraph 7,d74  7#c7 ,effective date
 ,the amendments made by this subsection
 shall apply to amounts paid or incurred
 after ,december #ca1 #bjac4  7b7       
,increase in alternative simplified     
research credit  7#a7 ,in general       
,subparagraph 7,a7 of section           
#da7;c77#e7 of such ,code 7relating to  
election of alternative simplified      
credit7 is amended by striking #ad      
percent 7#ab percent in the case of     
taxable years ending before ,january #a1
 #bjji7 and inserting #ag percent4  7#b7
 ,effective date ,the amendments made by
 this subsection shall apply to taxable 
years ending after the date of the      
enactment of this ,act4