118th Congress Taxation
H.R. 5207: To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill expands the tax credit for increasing research activities to add a new credit amount equal to 14% of specified medical research expenditures. The bill defines specified medical research expenditures as amounts paid or incurred for research with respect to any qualified countermeasure (i.e., a drug, biological product, or device determined to be a priority in protecting against harm from a biological agent or adverse health condition).
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Brian Fitzpatrick R-PAOriginal
- Mike Kelly R-PAOriginal
Who scored on this bill
No member has earned points from it yet.
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Vern Buchanan
History
- Introduced in the House by Vern Buchanan.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Ways and Means.