To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.
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).
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2022
Committee Review
Floor Vote
President
Introduced Apr 14, 2022
Last action Apr 14, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Apr 14, 2022
Committee
Referred to the House Committee on Ways and Means.
lower
Apr 14, 2022
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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