Summary of Amendments Submitted to the Rules Committee for H.R. 4438 - American Research and Competitiveness Act of 2014
Summaries Derived from Information Provided by Sponsors
Listed in Alphabetical Order
May 6, 2014 4:12 PM
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Enacts HR 15, the Border Security, Economic Opportunity, and Immigration Modernization Act, a bill that would create jobs, encourage research and development, decrease the deficit, and increase revenues by $900 billion. |
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Extends and makes permanent the tax credits for: accelerated depreciation for business property on Indian reservation, and the Indian Employment Tax Credit. |
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Makes permanent the treatment of mortgage insurance premiums as qualified residence interest. |
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Makes permanent the ability to deduct state and local general sales taxes. |
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Makes permanent the above-the-line deduction for qualified tuition and related expenses. |
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Makes permanent tax-free distributions from individual retirement plans for charitable purposes. |
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Makes permanent the employer wage credit for employees who are active duty members of the uniformed services. |
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Makes permanent the work opportunity tax credit. |
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Makes permanent the enhanced charitable deduction for contributions of food inventory. |
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Makes permanent the tax credit for energy-efficient existing homes. |
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Makes permanent the tax credit for energy-efficient new homes. |
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Makes permanent the tax credit for energy-efficient appliances. |
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Creates a credit for development activities equal to 30 percent for any in-house and contract development expenses that occur within the United States. Makes the effective date December 31, 2013. |