H.R. 3095 (98th): High Technology Educational Development and Research Act of 1983

Introduced:
May 23, 1983 (98th Congress, 1983–1984)
Status:
Died (Referred to Committee)
Sponsor
James Shannon
Representative for Massachusetts's 5th congressional district
Party
Democrat
Related Bills
H.R. 4170 (Related)
Deficit Reduction Act of 1984

Signed by the President
Jul 18, 1984

 
Status

This bill was introduced on May 23, 1983, in a previous session of Congress, but was not enacted.

Progress
Introduced May 23, 1983
 
Full Title

A bill to amend the Internal Revenue Code of 1954 to encourage the contribution of scientific equipment to institutions of higher education and to foster university research and scientific training.

Summary

No summaries available.

Cosponsors
14 cosponsors (11D, 3R) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/23/1983--Introduced.
High Technology Educational Development and Research Act of 1983 - Amends the Internal Revenue Code to allow corporations an income tax deduction for contributions of scientific and technical property or services to an institution of higher education.
Defines scientific property to mean computer software or other equipment used in a trade or business, which is donated for the direct education of students and faculty, for research and experimentation, or for research training in the United States in mathematics, the physical or biological sciences, engineering, or computer science.
Sets forth a formula for determining the amount of the allowable deduction for contributions of scientific property or services.
Limits the amount of such deduction to ten percent of taxable income computed without regard to specified deductions.
Expands the income tax credit for increasing research activities to include the cost of scientific education provided by an institution of higher education and subsidized by a corporate taxpayer.
Provides for an income tax exclusion for the scholarships, fellowship grants, student loan forgiveness, or stipends of a graduate student in mathematics, engineering, computer science, or the physical or biological sciences.
Specifies that such tax exclusion is not forfeited merely because the student is required, as a condition of the scholarship or fellowship, to perform future service in teaching or research.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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