3.0.0 4018 2023-01-11T13:21:07Z 2023-01-11T13:21:07Z Senate S S 2010-12-09 111 ssfi00 Finance Committee Senate Standing Referred to 2010-12-09T16:14:03Z Life Sciences Jobs and Investment Act of 2010 111 6165 HR 2010-09-22 Referred to the House Committee on Ways and Means. Related bill CRS 2010-12-09 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-12-09 Introduced in Senate IntroReferral 10000 9 Library of Congress C001070 Sen. Casey, Robert P., Jr. [D-PA] Bob Casey D PA N Taxation Business investment and capital Income tax credits Income tax deductions Interest, dividends, interest rates Medical research Research administration and funding Small business Taxation of foreign income Taxation 00 2010-12-09 Introduced in Senate 2010-12-15T20:05:56Z Life Sciences Jobs and Investment Act of 2010 - Amends the Internal Revenue Code to allow: (1) an increased research tax credit for qualified initial life sciences research expenses; and (2) certain corporations a tax deduction for dividends received which are reinvested in the United States to hire scientists and researchers engaged in life science research, fund life science research at research consortia, eligible small businesses, universities, and federal laboratories, or build or lease new facilities to be used primarily for qualified life sciences research. Terminates such tax incentives after 2015.

Defines "qualified initial life sciences research expenses" as amounts, up to $150 million, attributable to the study of biology, biochemistry, biophysics, bioengineering, microbiology, genetics, or physiology, but excluding sociology or psychology.

Directs the Commissioner of Internal Revenue to take necessary steps to ensure full compliance with the provisions of this Act and to report to Congress on the status of such compliance and related enforcement.

]]> Life Sciences Jobs and Investment Act of 2010 Display Title Life Sciences Jobs and Investment Act of 2010 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide incentives for life sciences research. Introduced in Senate IS Short Titles as Introduced Life Sciences Jobs and Investment Act of 2010 Introduced in Senate 2010-12-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s4018is/xml/BILLS-111s4018is.xml 2010-12-09 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.