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Congressional Bill Introduced to Make the Research Tax Credit Permanent

On May 3, 2011, Democratic House Member John Carney of Delaware introduced a bill that would make the Research Tax Credit permanent. The bill entitled H.R. 1693 – Research and Development Tax Credit Extension Act of 2011, is co-sponsored by Republican Jim Renacci of Ohio. The bill, which was referred to the House Committee on Ways and Means, contains two major changes of the Internal Revenue Code of 1986. If…

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