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          <title>WashingtonWatch.com - H.R. 5681, The Innovation Tax Credit Act of 2008</title>
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<title>Revision by webmaster (April 28, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_5681.html?rev=22841</link>
<description>&lt;p&gt;H.R. 5681 would amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness.&lt;/p&gt;


&lt;h2 id=&quot;toc0&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;Innovation Tax Credit Act of 2008 - Amends the Internal Revenue Code to revise the tax credit for increasing research activities by: (1) phasing in increases in the alternative simplified tax credit rate through 2009; (2) establishing a 20% alternative simplified tax credit rate in 2010 in lieu of the standard research tax credit rate; (3) increasing the amount of basic and contract research expenses eligible for such tax credit; and (4) making such tax credit permanent.&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc1&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 4/2/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc2&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc3&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

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<guid isPermaLink="false">22841@http://www.washingtonwatch.com</guid>
<pubDate>Mon, 28 Apr 2008 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (April 3, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_5681.html?rev=21240</link>
<description>&lt;p&gt;H.R. 5681 would amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness.&lt;/p&gt;


&lt;h2 id=&quot;toc4&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc5&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to update the status of the bill!)&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc6&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc7&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">21240@http://www.washingtonwatch.com</guid>
<pubDate>Thu, 03 Apr 2008 00:00:00 EDT</pubDate>
</item>
<item>
<title>Revision by webmaster (April 3, 2008, 01:00:00)</title>
<link>http://www.washingtonwatch.com/bills/history/110_HR_5681.html?rev=21241</link>
<description>&lt;p&gt;H.R. 5681 would amend the Internal Revenue Code of 1986 to provide incentives to improve America's research competitiveness.&lt;/p&gt;


&lt;h2 id=&quot;toc8&quot;&gt; Detailed Summary &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to provide a detailed summary of the bill!)&lt;/p&gt;


&lt;!--Leave in the 'summary' tags if you want the latest summary from the Congressional Research Service automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc9&quot;&gt; Status of the Legislation &lt;/h2&gt;
&lt;p&gt;Latest Major Action: 4/2/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.&lt;/p&gt;


&lt;!-- Leave in the 'status' tags if you want the latest reported status from THOMAS automatically to replace the text between the tags once it becomes available. --&gt;

&lt;h2 id=&quot;toc10&quot;&gt; Points in Favor &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;


&lt;h2 id=&quot;toc11&quot;&gt; Points Against &lt;/h2&gt;
&lt;p&gt;(Log in to edit the wiki and be the first to show why the bill should not pass!)&lt;br /&gt;

&lt;!-- First editor: Go ahead and take out the sentence in parentheses, and this notice! --&gt;
&lt;/p&gt;

</description>
<guid isPermaLink="false">21241@http://www.washingtonwatch.com</guid>
<pubDate>Thu, 03 Apr 2008 00:00:00 EDT</pubDate>
</item>
<item>
<title>Status as of April 2, 2008</title>
<link>http://www.washingtonwatch.com/bills/show/110_HR_5681.html</link>
<description>4/2/2008: Referred to House committee. Status: Referred to the House Committee on Ways and Means.</description>
<guid isPermaLink="false">34211@http://www.washingtonwatch.com</guid>
<pubDate>Wed, 02 Apr 2008 00:00:00 EDT</pubDate>
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