,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #eia  ,,in ,,the ,,house ,,of   
,,representatives  ,january #af1        
#bjai,mr4 ,brown of ,maryland 7for      
himself1 ,mr4 ,cicilline1 and ,ms4      
,norton7 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
 increase the research credit with      
respect to amounts paid or incurred for 
qualified research occurring in the     
,united ,states4  #a4 ,short title ,this
 ,act may be cited as the #bast ,century
 ,investment ,act of #bjai4  #b4        
,increase in research credit for        
contracted research with ,united ,states
 businesses  7a7 ,in general ,section   
#da of the ,internal ,revenue ,code of  
#aihf is amended by adding at the end   
the following new subsection3  7i7      
,special rule for contracted research   
with ,united ,states manufacturing      
business  7#a7 ,in general ,if the      
taxpayer elects the application of this 

subsection1 subsection 7a77#a7 shall be 
applied by substituting #be percent for 
#bj percent with respect to qualified   
,united ,states research expenses4  7#b7
 ,qualified ,united ,states research    
expenses ,for purposes of this          
subsection1 the term qualified ,united  
,states research expenses means any     
amount paid or incurred by the taxpayer 
to any person 7other than an employee of
 the taxpayer7 for qualified research1  
substantially all of which occurs in the
 ,united ,states4  7#c7 ,separate       
application of section ,in the case of  
any election of the application of this 
subsection1 this section shall be       
applied separately with respect to      
qualified ,united ,states research      
expenses4  4  7b7 ,effective date ,the  
amendments made by this section shall   
apply to amounts paid or incurred in    
taxable years beginning after the date  
of the enactment of this ,act4