S. 2884 would amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness.

== Detailed Summary ==

<summary>
(Log in to edit the wiki Research and beDevelopment Tax Credit Improvement Act of 2008 - Amends the firstInternal Revenue Code to providerevise the tax credit for increasing research activities by: (1) phasing in increases in the alternative simplified tax credit rate through 2009; (2) establishing a detailed summary20% alternative simplified tax credit rate in 2010 in lieu of the bill!)standard research tax credit rate; (3) increasing the amount of basic and contract research expenses eligible for such tax credit; and (4) extending such credit through 2012.
</summary>

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== Status of the Legislation ==

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Latest Major Action: 4/17/2008: Referred to Senate committee. Status: Read twice and referred to the Committee on Finance.
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== Points in Favor ==

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== Points Against ==

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