Vote Smart's Synopsis:

Vote to pass a bill that increases tax credits for corporations that increase research in the manufacturing, silviculture and biotechnology fields.

Highlights:

- Provides additional tax credits to corporations that spend at least 1.25 times more on qualified research than their average qualified research expenditures over the past three tax years (sec. 6). - Allows businesses to carry the tax credit forward for up to 15 years if the amount of the credit exceeds their tax liability (Amend. 1). - Denies the tax credit to any corporation that destroys human embryos, creates human embryos, clones human embryos, or does research on an embryo destroyed after August 9, 2001 (Amend. 4).

Full Bill Text