The last extension expired on December 31, 2014, and In 2015, Congress made permanent the research and development tax credit in a measure of the government spending bill.

The bill would reduce such credit rate to 10% if a taxpayer has no qualified research expenses in any one of the 3 preceding taxable years.

4438 would amend the Internal Revenue Code to modify the calculation method and the rate for the tax credit for qualified research expenses that expired at the end of 2013.

[1] The Statutory Pay-As-You-Go Act of 2010 establishes budget-reporting and enforcement procedures for legislation affecting direct spending and revenues.

[1] The American Research and Competitiveness Act of 2014 was introduced into the United States House of Representatives on April 9, 2014 by Rep. Kevin Brady (R, TX-8).

"[10] President Obama's office released a statement that said that the Administration "supports enhancing, simplifying, and making permanent the Research and Experimentation Credit... and offsetting the cost by closing tax loopholes," but that it "strongly opposes House passage of H.R.

"[10] The National Taxpayers Union (NTU) "urged" Representatives to vote in favor of the bill because it "would simplify and make permanent the 20 percent tax credit for research and development expenses.

"[11] The NTU argued that making this tax credit permanent was "an important step toward creating a healthier business climate, providing broad-based relief, and promoting economic growth.