,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fgac  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,may #e1 #bjbj,ms4    
,del,bene 7= h]self & ,mrs4 ,walorski7  
introduc$ ! foll[+ bill2 :i* 0 ref]r$ to
 ! ,committee on ,ways & ,means1 & 9    
addition to ! ,committee on ,small      
,bus9ess1 = a p]iod to be subsequ5tly   
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to am5d ! ,int]nal ,rev5ue    
,code ( #aihf to exp& & modify ! cr$it =
 increas+ rese>* activities1 & = o!r    
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,fur!r+ ,our ,recov]y ,)   
,am]ican ,rese>*  ,developm5t ,act or ! 
,,=w>d ,act4  #b4 ,treatm5t ( cr$it =   
qualifi$ small bus9esses  7a7 ,gross    
receipts te/  7#a7 ,9 g5]al ,clause 7i7 
( section #da7;h77#c77;,a7 ( ! ,int]nal 
,rev5ue ,code ( #aihf is am5d$-- 7,a7 by
 /rik+ #e1jjj1jjj 9 subclause 7,i7 &    
ins]t+ #bj1jjj1jjj2 &  7,b7 by /rik+    
gross receipts 9 subclause 7,,ii7 &     

ins]t+ gross receipts 9 excess (        
#be1jjj4  7#b7 ,def9ition ( gross       
receipts  7,a7 ,9 g5]al ,clause 7i7 (   
section #da7;h77#c77;,a77i7 ( su* ,code1
 z am5d$ by p>agraph 7#a71 is fur!r     
am5d$-- 7i7 by /rik+ 7z det]m9$ "u !    
rules ( section #ddh7;c77#c71 )\t reg>d 
to subp>agraph 7,a7 !re(7 9 subclause   
7,i72 &  7ii7 by /rik+ 7z s det]m9$7 9  
subclause 7,,ii74  7,b7 ,def9ition      
,subp>agraph 7,a7 ( section #da7;h77#c7 
( su* ,code1 z s am5d$1 is fur!r am5d$  
by add+ at ! end ! foll[+ flu% s5t5ce3  
,= purposes ( ! prec$+ s5t5ce1 gross    
receipts %all be det]m9$ "u ! rules (   
section #ddh7;c77#c7 )\t reg>d to       
subp>agraph 7,a7 !re(1 except t su* t]m 
%all n include any contributions to !   
capital ( a corporation 7o!r ?an        
contributions by a %>ehold]7 or any     
am\nt describ$ 9 section #aah7;b7 7o!r  
?an receipts f cu/om]s 9 ex*ange = goods
 or s]vices74 4  7b7 ,/>tup date        
,subclause 7,,ii7 ( section             
#da7;h77#c77;,a77i7 ( ! ,int]nal ,rev5ue

 ,code ( #aihf is am5d$ by /rik+        
#e-taxable-ye> p]iod & ins]t+           
#h-taxable-ye> p]iod4  7c7 ,limitation  
on election am\nt ,clause 7i7 ( section 
#da7;h77#d77;,b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by /rik+ #bej1jjj
 & ins]t+ #a1jjj1jjj4  7d7 ,limitation  
on election ,clause 7ii7 ( section      
#da7;h77#d77;,b7 ( ! ,int]nal ,rev5ue   
,code ( #aihf is am5d$ by /rik+ #e or m 
& ins]t+ #h or m4  7e7 ,payroll tax     
cr$it portion ,p>agraph 7#b7 ( section  
#da7;h7 ( ! ,int]nal ,rev5ue ,code (    
#aihf is am5d$-- 7#a7 by /rik+          
subp>agraph 7,c72  7#b7 by add+ or at ! 
end ( subp>agraph 7,a72 &  7#c7 by /rik+
 1 or at ! end ( subp>agraph 7,b7 &     
ins]t+ a p]iod4  7f7 ,effective date ,! 
am5dm5ts made by ?is section %all apply 
to taxable ye>s beg9n+ aft] ,decemb]    
#ca1 #bjai4  #c4 ,inclusion ( employee  
tra9+ exp5ses  7a7 ,9 g5]al ,p>agraph   
7#a7 ( section #da7;b7 ( ! ,int]nal     
,rev5ue ,code ( #aihf is am5d$-- 7#a7 by
 /rik+ & at ! end ( subp>agraph 7,a72   

7#b7 by /rik+ ! p]iod at ! end (        
subp>agraph 7,b7 & ins]t+ 1 &2 &  7#c7  
by add+ at ! end ! foll[+ new           
subp>agraph3  7,c7 employee tra9+       
exp5ses4  4  7b7 ,employee tra9+ exp5ses
 ,subsection 7b7 ( section #da ( !      
,int]nal ,rev5ue ,code ( #aihf is       
am5d$-- 7#a7 by r$esignat+ p>agraph 7#d7
 z p>agraph 7#e72 &  7#b7 by ins]t+ aft]
 p>agraph 7#c7 ! foll[+ new p>agraph3   
7#d7 ,employee tra9+ exp5ses  7,a7 ,9   
g5]al ,! t]m employee tra9+ exp5ses     
means any wages paid or incurr$ to an   
employee 9 connection ) tra9+ = !       
employee to p]=m qualifi$ s]vices       
describ$ 9 clause 7i7 or 7ii7 ( p>agraph
 7#b77;,b74 ,su* t]m does n include     
wages paid or incurr$ 9 connection )    
g5]al employ] tra9+ :i* does n          
specifically p]ta9 to su* qualifi$      
s]vices4  7,b7 ,wages1 etc ,= purposes (
 ?is p>agraph-- 7i7 ,9 g5]al ,! t]m     
wages %all n include any am\nt tak5 into
 acc\nt "u p>agraph 7#b77;,a77i74  7ii7 
,rules ,! rules ( p>agraph 7#b77;,d7    

%all apply4  4  7c7 ,effective date ,!  
am5dm5ts made by ?is section %all apply 
to exp5ses paid or incurr$ 9 taxable    
ye>s beg9n+ aft] ,decemb] #ca1 #bjai4   
#d4 ,increas$ cr$it rate = c]ta9 rese>* 
activities  7a7 ,9 g5]al ,section #da ( 
! ,int]nal ,rev5ue ,code ( #aihf is     
am5d$ by add+ at ! end ! foll[+ new     
subsection3  7i7 ,special rules = c]ta9 
high-,b5efit rese>* activities  7#a7    
,c]ta9 collaborative rese>*  7,a7 ,9    
g5]al ,9 ! case ( any qualifi$ rese>*   
exp5ses describ$ 9 subp>agraph 7,b71 z  
applicable-- 7i7 subsection 7a77#a7 %all
 be appli$ by sub/itut+ #be p]c5t = #bj 
p]c5t1  7ii7 subsection 7c77#d77;,a7    
%all be appli$ by sub/itut+ #ag4e p]c5t 
= #ad p]c5t1 &  7iii7 subsection        
7c77#d77;,b77ii7 %all be appli$ by      
sub/itut+ #g4e p]c5t = #f p]c5t4  7,b7  
,exp5ses describ$  7i7 ,9 g5]al         
,qualifi$ rese>* exp5ses describ$ 9 ?is 
subp>agraph are qualifi$ rese>* exp5ses 
incurr$ by ! taxpay] ) respect to       
qualifi$ rese>* 9 collaboration ) "o or 

m o!r entities1 :i* may include a       
qualifi$ organization describ$ 9        
subp>agraph 7,a71 7,b71 or 7,c7 (       
subsection 7e77#f71 an organization :i* 
is a ,f$]al laboratory 7)9 ! mean+ (    
subsection 7b77#c77;,d77i77,,iii771 or a
 qualifi$ rese>* consortium 7z def9$ 9  
subsection 7b77#c77;,c77ii774  7ii7     
,contribution requirem5t ,a             
collaboration %all be tak5 into acc\nt  
"u clause 7i7 only if ea* entity involv$
 9 ! collaboration provides or p]=ms m  
?an  ( its pro rata %>e ( ! "w h\rs = ! 
rese>*4  7#b7 ,rese>* by ,unit$ ,/ates  
manufactur]s  7,a7 ,9 g5]al ,9 ! case ( 
a qualifi$ dome/ic manufactur]1 ?is     
section %all be appli$-- 7i7 by increas+
 ! #bj p]c5t am\nt 9 subsection 7a77#a7 
by ! bonus am\nt1  7ii7 by increas+ !   
#ad p]c5t am\nt "u subsection           
7c77#d77;,a7 by ! alt]native simplifi$  
bonus am\nt1 &  7iii7 by increas+ ! #f  
p]c5t am\nt "u subsection               
7c77#d77;,b77ii7 by ! subsection        
7c77#d77;,b7 bonus am\nt4  7,b7         

,qualifi$ dome/ic manufactur] ,=        
purposes ( ?is subsection-- 7i7 ,9 g5]al
 ,! t]m qualifi$ dome/ic manufactur]    
means a taxpay] :o has dome/ic          
production gross receipts :i* are m ?an 
#ej p]c5t ( total gross receipts4  7ii7 
,dome/ic production gross receipts ,!   
t]m dome/ic production gross receipts   
has ! mean+ giv5 to su* t]m "u section  
#aii7;c77#d7 7z 9 effect on ,decemb]    
#ca1 #bjag74  7,c7 ,bonus am\nt2        
alt]native simplifi$ bonus am\nt2       
subsection 7c77#d77;,b7 am\nt ,=        
purposes ( subp>agraph 7,a73 ,if !      
p]c5tage ( total gross receipts :i* are 
dome/ic production gross receipts is3,! 
bonus am\nt is ! foll[+ numb] ( p]c5tage
 po9ts3,! alt]native simplifi$ bonus    
am\nt is ! foll[+ numb] ( p]c5tage      
po9ts3,! subsection 7c77#d77;,b7 bonus  
am\nt is ! foll[+ numb] ( p]c5tage      
po9ts3,m ?an #ej b n m ?an #fjaj4gj4c ,m
 ?an #fj b n m ?an #gjba4dj4f ,m ?an #gj
 b n m ?an #hjcb4aj4i ,m ?an #hj b n m  
?an #ijdb4ha4b ,m ?an #ijec4ea4e4  4    

7b7 ,effective date ,! am5dm5ts made by 
?is section %all apply to taxable ye>s  
beg9n+ aft] ,decemb] #ca1 #bjbj4  #e4   
,transf]s to f$]al old-age & survivors  
insurance tru/ fund ,!re are h]eby      
appropriat$ to ! ,f$]al ,old-,age &     
,survivors ,tru/ ,fund & ! ,f$]al       
,disability ,insurance ,tru/ ,fund      
e/abli%$ "u section #bja ( ! ,social    
,security ,act 7#db ,u4,s4,c4 #dja7     
am\nts equal to ! r$uction 9 rev5ues to 
! ,treasury f ! taxes "u section        
#caaa7;a7 ( ! ,int]nal ,rev5ue ,code (  
#aihf by reason ( ! am5dm5ts made by    
sections #b1 #c1 & #d4 ,am\nts          
appropriat$ by ! prec$+ s5t5ce %all be  
transf]r$ f ! g5]al fund at su* times & 
9 su* mann] z to replicate to ! ext5t   
possible ! transf]s :i* w\ld h occurr$  
to su* ,tru/ ,fund _h su* am5dm5ts n be5
 enact$4  #f4 ,support = small bus9ess  
rese>* & developm5t  7a7 ,def9itions ,9 
?is section-- 7#a7 ! t]m ,adm9i/rator   
means ! ,adm9i/rator ( ! ,small ,bus9ess
 ,adm9i/ration2  7#b7 ! t]m ,commission]

 means ! ,commission] ( ,int]nal        
,rev5ue2  7#c7 ! t]m small bus9ess      
conc]n has ! mean+ giv5 ! t]m 9 section 
#c7;a7 ( ! ,small ,bus9ess ,act 7#ae    
,u4,s4,c4 #fcb7;a772 &  7#d7 ! t]m small
 bus9ess developm5t c5t] means a small  
bus9ess developm5t c5t] describ$ 9      
section #ba ( ! ,small ,bus9ess ,act    
7#ae ,u4,s4,c4 #fdh74  7b7 ,,irs & ,,sba
 p>tn]%ips ,beg9n+ n lat] ?an #ahj days 
aft] ! date ( enactm5t ( ?is ,act1 !    
,commission]1 9 consultation ) !        
,adm9i/rator1 %all develop p>tn]%ip     
agreem5ts t-- 7#a7 provide = !          
developm5t (-- 7,a7 basic tra9+1 includ+
 9-p]son or modul> tra9+ sessions1      
relat+ to ,f$]al income tax cr$its t    
b5efit small bus9ess conc]ns & />tups1  
especially cr$its = rese>* &            
exp]im5tation2 &  7,b7 in=mational      
mat]ials relat+ to su* cr$its1 includ+  
,int]nal ,rev5ue ,s]vice guidance       
docum5ts2  7#b7 provide ! basic tra9+ & 
in=mational mat]ials develop$ "u        
p>agraph 7#a7-- 7,a7 ?r\gh electronic   

res\rces1 includ+ int]net-bas$ web9>s2 &
  7,b7 at physical locations1 includ+   
small bus9ess developm5t c5t]s2 &  7#c7 
make su* mat]ials available to-- 7,a7   
bus9ess developm5t programs adm9i/]$ by 
! ,small ,bus9ess ,adm9i/ration1 includ+
 wom5's bus9ess c5t]s1 ,vet]an ,bus9ess 
,outrea* ,c5t]s1 & ,u4,s4 ,export       
,assi/ance ,c5t]s1 & nonpr(it rese>*    
p>tn]s su* z ! ,s]vice ,corps ( ,retir$ 
,executives au?oriz$ "u section         
#h7;b77#a77;,b7 ( ! ,small ,bus9ess ,act
 7#ae ,u4,s4,c4 #fcg7;b77#a77;,b772 &   
7,b7 bus9ess developm5t entities t p>tn]
 ) ,small ,bus9ess ,adm9i/ration        
programs1 includ+ univ]sities1          
nonpr(its1 bus9ess incubators1 & bus9ess
 accel]ators4  7c7 ,report+ ,requirem5t 
,n lat] ?an #ahj days aft] ! date (     
enactm5t ( ?is ,act1 ! ,commission]1 9  
consultation ) ! ,adm9i/rator1 %all     
submit to ,congress a report describ+ h[
 ! ,int]nal ,rev5ue ,s]vice 9 p>tn]%ip )
 ! ,small ,bus9ess ,adm9i/ration w      
provide outrea* & educational mat]ials  

to small bus9ess conc]ns1 bus9esses (   
m$ium size1 & />tups reg>d+ section     
#da7;h7 ( ! ,int]nal ,rev5ue ,code (    
#aihf4  7d7 ,small ,bus9ess ,developm5t 
,c5t]s ,section #ba7;c77#c7 ( ! ,small  
,bus9ess ,act 7#ae ,u4,s4,c4            
#fdh7;c77#c77 is am5d$-- 7#a7 9         
subp>agraph 7,t71 by /rik+ & at ! end2  
7#b7 9 ! fir/ subp>agraph 7,u7 7relat+  
to enc\rag+ & assi/+ ! provision (      
succession plann+71 by /rik+ ! p]iod at 
! end ( clause 7v7 & ins]t+ a semicolon2
  7#c7 9 ! second subp>agraph 7,u7      
7relat+ to provid+ tra9+ 9 conjunction )
 ! ,unit$ ,/ates ,pat5t & ,tradem>k     
,(fice7-- 7,a7 by r$esignat+ t          
subp>agraph z subp>agraph 7,v72 &  7,b7 
9 clause 7ii77,,ii71 by /rik+ ! p]iod at
 ! end & ins]t+ 2 &2 &  7#d7 by add+ at 
! end ! foll[+3  7,w7 9 conjunction ) ! 
,int]nal ,rev5ue ,s]vice1 provid+       
in=mational mat]ials1 education1 & basic
 tra9+-- 7i7 to small bus9ess conc]ns   
relat+ to ,f$]al income tax cr$its      
available "u ! ,int]nal ,rev5ue ,code ( 

#aihf1 includ+-- 7,i7 cr$its available  
to bus9esses g5]ally2 &  7,,ii7 cr$its  
available to small bus9ess conc]ns &    
/>tups specifically1 especially cr$its =
 rese>* & exp]im5tation2 &  7ii7 t may  
be deliv]$-- 7,i7 9 p]son2 or  7,,ii7   
?r\gh a website4  4  7e7 ,au?orization (
 appropriations ,!re are au?oriz$ to be 
appropriat$ #b1jjj1jjj p] ye> to c>ry   
out ! requirem5ts ( ?is section4