The S Corporation Association submitted comments today to Ways and Means Committee Members Rep. Charles Boustany (R-LA) and Rep. Richard Neal (D-MA), sponsors of the draft “Innovation Promotion Act of 2015.”

As you’ll recall, the two members released a “discussion draft” of their innovation box idea back in July and asked stakeholders to weigh in.  The box itself offers US firms a lower tax rate on some income derived from the use of patents, inventions, formulas, etc.  Our friends at the Tax Foundation identified three motivating factors in the introduction of the box:

• The U.S. tax code has become …
  
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