American Research and Competitiveness Act of 2015

The American Research and Competitiveness Act of 2015, also known as Bill 114 hr 880, is a piece of legislation introduced in the US Congress with the aim of promoting research and innovation in the United States. The bill seeks to extend and make permanent the research and development tax credit, which provides tax incentives for businesses to invest in research and development activities.

The bill also includes provisions to simplify and streamline the process for claiming the tax credit, making it easier for businesses to take advantage of the benefits. Additionally, the bill includes measures to increase transparency and accountability in the administration of the tax credit, ensuring that it is being used effectively to promote research and innovation.

Overall, the American Research and Competitiveness Act of 2015 is aimed at fostering a culture of innovation and competitiveness in the United States, by providing incentives for businesses to invest in research and development activities. The bill has received bipartisan support in Congress, with lawmakers from both parties recognizing the importance of promoting research and innovation for the country's economic growth and global competitiveness.