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
Aug 2023
Committee Review
Floor Vote
President
Introduced Aug 15, 2023
Last action Aug 15, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Aug 15, 2023
Committee
Referred to the House Committee on Ways and Means.
lower
Aug 15, 2023
Introduced
Introduced in House
lower
1 primary · 2 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Vern Buchanan
RRepublican
Co
Brian K. Fitzpatrick
RRepublican
Co
Mike Kelly
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HR 5207
Scope: US
Hi! I can help you understand HR 5207. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline