S.Amdt. 1749

SA 1749. Mr. ROBERTS submitted an amendment intended to be proposed
to amendment SA 1618 proposed by Mr. McConnell (for Mr. Hatch (for
himself and Ms. Murkowski)) to the bill H.R. 1, to provide for
reconciliation pursuant to titles II and V of the concurrent resolution
on the budget for fiscal year 2018; which was ordered to lie on the
table; as follows:

At the appropriate place, insert the following:

SEC. __. ENHANCED RESEARCH CREDIT FOR DOMESTIC MANUFACTURERS.

(a) In General.--Section 41 is amended by adding at the end
the following new subsection:
``(i) Enhanced Credit for Domestic Manufacturers.--
``(1) In general.--In the case of a qualified domestic
manufacturer, this section shall be applied--
``(A) except as provided in subparagraph (B), by increasing
the 20 percent amount in subsection (a)(1) by the bonus
amount, and
``(B) in the case of a qualified domestic manufacturer
making an election under subsection (c)(5)--
``(i) by increasing the 14 percent amount under subsection
(c)(5)(A) by the alternative simplified bonus amount, and
``(ii) by increasing the 6 percent amount under subsection
(c)(5)(B)(ii) by the subsection (c)(5)(B) bonus amount.
``(2) Qualified domestic manufacturer.--For purposes of
this subsection--
``(A) In general.--The term `qualified domestic
manufacturer' means a taxpayer who has domestic production
gross receipts which are more than 50 percent of total gross
receipts.
``(B) Domestic production gross receipts.--The term
`domestic production gross receipts' has the meaning given to
such term under section 199(c)(4).
``(3) Bonus amount; alternative simplified bonus amount;
subsection (c)(5)(B) amount.--For purposes of paragraph (1):

``If the percentage of total gross                                            The alternative simplified bonus      The subsection (c)(5)(B) bonus
receipts which are domestic production     The bonus amountis the following    amount is the following number of    amount is the following number of
gross receipts is:                 number of percentage points:              percentage points:                   percentage points:

More than 50% but not more than 60%......                                   1                                  0.7                                  0.3
More than 60% but not more than 70%......                                   2                                  1.4                                  0.6
More than 70% but not more than 80%......                                   3                                  2.1                                  0.9
More than 80% but not more than 90%......                                   4                                  2.8                                  1.2
More than 90%............................                                   5                                  3.5                              1.5.''.

(b) Effective Date.--The amendment made by this section
shall apply to expenditures paid or incurred in taxable years
beginning after December 31, 2017, and ending before January
1, 2023.
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