3.0.0 7410 2022-12-29T23:03:26Z 2022-12-29T23:03:26Z House HR 2022-04-05 117 [Congressional Record Volume 168, Number 60 (Tuesday, April 5, 2022)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. WENSTRUP:H.R. 7410.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H4191]]]> hswm00 Ways and Means Committee House Standing Referred to 2022-04-05T14:02:15Z 2022-04-05 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2022-04-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2022-04-05 Introduced in House IntroReferral 1000 9 Library of Congress W000815 Rep. Wenstrup, Brad R. [R-OH-2] Brad Wenstrup R OH R. 2 N F000465 Rep. Ferguson, A. Drew, IV [R-GA-3] A. Ferguson R GA Drew 3 2022-04-05 True K000376 Rep. Kelly, Mike [R-PA-16] Mike Kelly R PA 16 2022-04-14 False B001260 Rep. Buchanan, Vern [R-FL-16] Vern Buchanan R FL 16 2022-04-14 False L000585 Rep. LaHood, Darin [R-IL-18] Darin LaHood R IL 18 2022-07-21 False Taxation Advanced technology and technological innovations Air quality Business investment and capital Health technology, devices, supplies Income tax credits Income tax rates Industrial policy and productivity Inflation and prices Manufacturing Prescription drugs Sales and excise taxes Trade restrictions U.S. and foreign investments Wages and earnings Water quality Taxation 00 2022-04-05 Introduced in House 2022-04-11T16:08:18Z American Made Medicine Act

This bill allows employers tax credits for domestic medical and drug manufacturing expenses and for advanced medical manufacturing equipment. It also provides a tax credit for a percentage of the basis of qualifying medical manufacturing EPA compliance property placed in service before January 1, 2029, or during calendar year 2030.

The bill defines qualifying medical manufacturing EPA compliance property as depreciable property used by a taxpayer in the trade or business of manufacturing a drug, device, biological product, or active pharmaceutical ingredient or covered countermeasure (e.g., a qualified pandemic or epidemic product, security countermeasure, or respiratory protective device). The property must meet emissions limits under the Clean Air Act or wastewater standards under the Clean Water Act.

]]> American Made Medicine Act Display Title American Made Medicine Act Short Title(s) as Introduced American Made Medicine Act Introduced in House IH Official Title as Introduced To amend the Internal Revenue Code of 1986 to provide for credits against tax for domestic medical and drug manufacturing and advanced medical manufacturing equipment. Introduced in House IH Introduced in House 2022-04-05T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr7410ih/xml/BILLS-117hr7410ih.xml 2022-04-05 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.