HR 5207 United States House · 118th Congress

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
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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