new paragraph: (38) the research intensive investment tax credit determined under section 45T. . (c) Clerical amendment The table of sections for subpart D of part IV of subchapter A of chapter 1 is amended by adding at the end the following new item: Sec. 45T. Research intensive investment tax credit. . (d) Effective date The amendments made by this section shall apply to investments made after December 31, 2018, in taxable years ending after such date. 3. Research employment tax credit (a) In general Subpart D of part IV of subchapter A of chapter 1, as amended by the preceding provisions of this Act, is amended by adding at the end the following new section: 45U. Research employment tax credit (a) Allowance of credit For purposes of section 38, in the case of a qualified research intensive small business concern, the research employment tax credit determined under this section for the taxable year is an amount equal to 5 percent of the qualified first-year research wages paid or incurred by such concern to full-time research employees during such year. (b) Dollar limitations (1) Per employee limitation The credit determined under subsection (a) with respect to any employee for any taxable year shall not exceed $2,500 (reduced by the amount of any credit determined under subsection (a) with respect to such employee for the previous taxable year). (2) Aggregate lifetime employer limitation The credit determined under subsection (a) with respect to any taxpayer for any taxable year shall not exceed— (A) $25,000, reduced by (B) the taxpayer’s (and any predecessor’s) aggregate credits determined under this section for all prior taxable years. (c) Definitions For purposes of this section— (1) Qualified research intensive small business concern The term qualified research intensive small business concern has the meaning given such term under section 45T. (2) Qualified first-year research wages The term qualified first-year research wages means, with respect to any full-time research employee, the wages paid or