SEC. 936 HOUSE/SENATE BUDGET RECONCILIATION CONFERENCE REPORT FOLLOWS HOUSE PROVISIONS WITH MODIFIED CAP; R&D TAX CREDIT WOULD BE EXTENDED THROUGH 1996
This article was originally published in The Gray Sheet
Executive Summary
The Sec. 936 possession tax provisions in the House/Senate budget reconciliation conference report follow the House plan for a ten year "phase out" of the income credit.