Senate bill to establish permanent R&D tax credit may be folded into OBRA '95.
Executive Summary
SENATE PERMANENT R&D TAX CREDIT BILL LIKELY TO BE PART OF OBRA `95 when the FY 1996 budget reconciliation process gets under way in May after the Easter congressional recess, according to Senate Finance/Taxation & IRS Oversight Subcommittee staffers. The current research & experimentation credit is set to expire June 30.