To amend the Internal Revenue Code of 1986 to modify the order in which the business credits are taken into account by corporations.

[AI summary unavailable — showing source text] [Congressional Bills 118th Congress] [From the U.S. Government Publishing Office] [H.R. 6646 Introduced in House (IH)] <DOC> 118th CONGRESS 1st Session H. R. 6646 To amend the Internal Revenue Code of 1986 to modify the order in which the business credits are taken into account by corporations. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 6, 2023 Mr. Steube (for himself and Mr. Buchanan) introduced the following bill; which was referred to the Committee on Ways and Means _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to modify the order in which the business credits are taken into account by corporations. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. MODIFICATION OF ORDER IN WHICH CORPORATIONS TAKE BUSINESS CREDITS INTO ACCOUNT. (a) In General.--Section 38(c)(6)(E) of the Internal Revenue Code of 1986 is amended by adding ``and'' at the end of clause (i), by striking clauses (ii) and (iii), and by adding at the end the following new clause: ``(ii) paragraphs (…