H.R. 880: American Research and Competitiveness Act of 2015

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H.R. 880: American Research and Competitiveness Act of 2015

114th Congress · introduced 2015-02-11 · Taxation · Latest: Received in the Senate.

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Official title

American Research and Competitiveness Act of 2015

Plain summary

American Research and Competitiveness Act of 2015 (Sec. 2) This bill revises and makes permanent after 2014 the research tax credit. The rate of such credit is modified to equal the sum of 20% of so much of the qualified research expenses for the taxable year as exceeds 50% of the average qualified research expenses for the three preceding taxable years, 20% of so much of the basic research payments for the taxable year as exceeds 50% of the average basic research payments for the three preceding taxable years, plus 20% of amounts paid by a business taxpayer to an energy research consortium for energy research. If a taxpayer has no qualified research expenses in any of the three preceding taxable years, the rate of the tax credit is reduced to 10% of current research expenses. The bill also provides that in the case of an eligible small business (i.e., a corporation whose stock is not publicly traded, a partnership, or a sole proprietorship with annual gross receipts not exceeding $50 million in a three-year period), the research credit may offset alternative minimum tax liability. (Sec. 3) The bill prohibits the entry of the budgetary effects of this Act on either PAYCO scorecard under the Statutory Pay-As-You-Go Act of 2010.

Congressional Research Service summary (Passed House amended), quoted unchanged (nonpartisan). Read the source.

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PSI Sci description of the legislative step (not an opinion).

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Brady, Kevin [R-TX-8] · 32 cosponsors

Cost estimate: CBO cost estimate: H.R. 880, American Research and Competitiveness Act of 2015 (2015-02-19)

Cosponsors on this site

John B. Larson (D-CT), Michael T. McCaul (R-TX), Richard E. Neal (D-MA), Todd Young (R-IN), David Rouzer (R-NC), Glenn Grothman (R-WI), Tom Emmer (R-MN), Ann Wagner (R-MO), Earl L. "Buddy" Carter (R-GA), David G. Valadao (R-CA), Jason Smith (R-MO)

Recorded votes

• House roll call 259 (2015): On Motion to Recommit with Instructions, HR880 (2015-05-20): Failed
• House roll call 260 (2015): On Passage, HR880 (2015-05-20): Passed

Sources

• Congressional Research Service summary (Passed House amended)
• Congress.gov
• Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-114hr880.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/114/hr>

Record fed-us-cong114-hr880 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114