3.0.0 2632 2023-01-11T13:22:43Z 2023-01-11T13:22:43Z House H HR 2011-07-25 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. NUNES:H.R. 2632.Congress has the power to enact this legislation pursuantto the following:Clause 1 of section 8 of article I of the Constitution ofthe United States.[Page H5488]]]> hswm00 Ways and Means Committee House Standing Referred to 2011-07-25T14:00:37Z Life Sciences Jobs and Investment Act of 2011 112 1410 S 2011-07-25 Read twice and referred to the Committee on Finance. Identical bill CRS 2011-07-25 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-07-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-07-25 Introduced in House IntroReferral 1000 9 Library of Congress N000181 Rep. Nunes, Devin [R-CA-21] Devin Nunes R CA 21 N S001162 Rep. Schwartz, Allyson Y. [D-PA-13] Allyson Schwartz D PA Y. 13 2011-07-25 True M001181 Rep. Meehan, Patrick [R-PA-7] Patrick Meehan R PA 7 2011-07-25 True P000096 Rep. Pascrell, Bill, Jr. [D-NJ-8] WILLIAM PASCRELL D NJ J. 8 2011-07-25 True G000549 Rep. Gerlach, Jim [R-PA-6] Jim Gerlach R PA 6 2011-07-25 True A000362 Rep. Altmire, Jason [D-PA-4] Jason Altmire D PA 4 2011-07-25 True D000604 Rep. Dent, Charles W. [R-PA-15] Charles Dent R PA W. 15 2011-07-25 True F000043 Rep. Fattah, Chaka [D-PA-2] CHAKA FATTAH D PA 2 2011-07-25 True S000583 Rep. Smith, Lamar [R-TX-21] LAMAR SMITH R TX 21 2011-09-08 False S001165 Rep. Sires, Albio [D-NJ-13] Albio Sires D NJ 13 2011-10-04 False F000451 Rep. Fitzpatrick, Michael G. [R-PA-8] Michael Fitzpatrick R PA G. 8 2011-11-15 False B001227 Rep. Brady, Robert A. [D-PA-1] ROBERT BRADY D PA A. 1 2011-11-16 False 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 2011-07-25 Introduced in House 2011-08-29T15:39:51Z Life Sciences Jobs and Investment Act of 2011 - 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 solely 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 2016.

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 2011 Display Title Life Sciences Jobs and Investment Act of 2011 Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide incentives for life sciences research. Introduced in House IH Short Titles as Introduced Life Sciences Jobs and Investment Act of 2011 Introduced in House 2011-07-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2632ih/xml/BILLS-112hr2632ih.xml 2011-07-25 Referred to the House Committee on Ways and Means. 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.