,i  #aae? ,,congress  #a/ ,session  ,h4 
,r4 #bhba  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #g1 #bjag ,mr4  
,tib]i 7= himself & ,mr4 ,l>son (       
,connecticut7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on ,ways & 
,means  ,a ,,bill  ,to am5d ! ,int]nal  
,rev5ue ,code ( #aihf to re=m ! cr$it = 
increas+ rese>* activities1 & = o!r     
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,rese>* & ,exp]im5tation   
,advances ,competitiv5ess at ,home ,act 
or z ! ,,rea* ,act4  #b4 ,increase (    
alt]native simplifi$ cr$it  7a7 ,9 g5]al
 ,subp>agraph 7,a7 ( section #da7;c77#e7
 ( ! ,int]nal ,rev5ue ,code ( #aihf is  
am5d$ 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  7b7     
,con=m+ am5dm5t ,clause 7ii7 ( section  
#da7;c77#e77;,b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by /rik+ #f p]c5t
 & ins]t+ #aj p]c5t4  7c7 ,effective    
date ,! am5dm5ts made by ?is section    
%all apply to taxable ye>s beg9n+ aft]  

,decemb] #ca1 #bjaf4  #c4 ,allocation ( 
rese>* exp5ses among bus9ess compon5ts  
7a7 ,9 g5]al ,subp>agraph 7,a7 ( section
 #da7;d77#b7 ( ! ,int]nal ,rev5ue ,code 
( #aihf is am5d$ by ins]t+ 1 & may be   
appli$ us+ a me?od t relies on          
reasonable e/imation te*niques 9 lieu ( 
contemporane\s acc\nt+ to measure       
employee h\rs p] bus9ess compon5t be=e !
 p]iod4  7b7 ,effective date ,! am5dm5t 
made by ?is section %all apply to       
taxable ye>s beg9n+ aft] ,decemb] #ca1  
#bjaf4  #d4 ,inclusion ( qualifi$       
upp]-level employees 9 rese>* exp5se    
calculation  7a7 ,9 g5]al ,clause 7ii7 (
 section #da7;b77#b77;,b7 ( ! ,int]nal  
,rev5ue ,code ( #aihf is am5d$ by ins]t+
 1 )\t reg>d to ! employee's position or
 managem5t level be=e ! p]iod4  7b7     
,effective date ,! am5dm5t made by ?is  
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjaf4  #e4   
,repeal ( exclusion ( adaptive rese>*   
7a7 ,9 g5]al ,p>agraph 7#d7 ( section   
#da7;d7 ( ! ,int]nal ,rev5ue ,code (    

#aihf is am5d$ by /rik+ subp>agraph 7,b7
 & by r$esignat+ subp>agraphs 7,c71     
7,d71 7,e71 7,f71 7,g71 & 7,h7 z        
subp>agraphs 7,b71 7,c71 7,d71 7,e71    
7,f71 & 7,g71 respectively4  7b7        
,effective date ,! am5dm5ts made by ?is 
section %all apply to taxable ye>s      
beg9n+ aft] ,decemb] #ca1 #bjaf4  #f4   
,inclusion ( co/ r$uction rese>*  7a7 ,9
 g5]al ,subp>agraph 7,a7 ( section      
#da7;d77#c7 ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$-- 7#a7 by /rik+ or at ! 
end ( clause 7ii72  7#b7 by /rik+ !     
p]iod at ! end ( clause 7iii7 & ins]t+ 1
 or2 &  7#c7 by add+ at ! end ! foll[+  
new clause3  7iv7 r$uction ( co/s       
associat$ )-- 7,i7 a bus9ess compon5t ( 
! taxpay]1 or  7,,ii7 rese>* relat+ to a
 purpose describ$ 9 clause 7i71 7ii71 or
 7iii74  4  7b7 ,effective date ,!      
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjaf4  #g4 ,inclusion (           
obsolesc5ce mitigation  7a7 ,9 g5]al    
,clause 7iv7 ( section #da7;d77#c77;,a7 

( ! ,int]nal ,rev5ue ,code ( #aihf1 z   
add$ by section #e1 is am5d$ by ins]t+  
or obsolesc5ce mitigation aft] r$uction 
( co/s4  7b7 ,effective date ,! am5dm5t 
made by ?is section %all apply to       
taxable ye>s beg9n+ aft] ,decemb] #ca1  
#bjaf4  #h4 ,election ( r$uc$ cr$it may 
be made on am5d$ return  7a7 ,9 g5]al   
,subp>agraph 7,c7 ( section             
#bhj;,c7c77#c7 ( ! ,int]nal ,rev5ue     
,code ( #aihf is am5d$ to read z foll[s3
  7,c7 ,election ,an election "u ?is    
p>agraph %all made 9 su* mann] z !      
,secret>y may prescribe &1 once made )  
respect to a taxable ye>1 %all be       
irrevocable4 ,su* election may be made  
on ! return ( tax = ! taxable ye> to :i*
 x applies or on an am5d$ return4  4    
7b7 ,effective date ,! am5dm5t made by  
?is section %all apply to am5d$ returns 
:i* are p]mitt$ to be fil$ "u !         
applicable provisions ( ! ,int]nal      
,rev5ue ,code ( #aihf aft] ! date ( !   
enactm5t ( ?is ,act4