Politiparty
Politiparty

118th Congress Taxation

H.R. 6979: To amend the Internal Revenue Code of 1986 to provide a credit to small businesses for research activities related to the mitigation of certain drug threats.

Introduced

  1. Introduced (completed)Jan 11, 2024
  2. Passed House (not reached)
  3. Passed Senate (not reached)
  4. To the President (not reached)
  5. Became law (not reached)

Summary

Introduced in House, Jan 11, 2024

This bill allows certain small businesses a new tax credit for 10% of their qualified drug threat mitigation research expenses. Such expenses include research into mitigating or treating the effects of specified drugs, including any emerging drugs, fentanyl, a fentanyl-related substance, or methamphetamine.

Written by the Congressional Research Service, Library of Congress.

Roll calls

0 votes on this bill

No roll call votes have been held on this bill.

Amendments

0 offered

No amendments were offered to this bill.

Cosponsors

6

Bipartisan support.

Who scored on this bill

6 points earned
  1. 1Joe Neguse D-CO SponsorDrew cross-party cosponsors, introduced2 events+6
See all scorers and every scoring event

Introductions and cosponsorships count toward weekly caps and show no points.

Other bills by Joe Neguse

History

  1. Jan 11, 2024Introduced in the House by Joe Neguse.
Show the full action history (2 actions)
  1. Jan 11, 2024Introduced in House
  2. Jan 11, 2024Referred to the House Committee on Ways and Means.