To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.

3.0.0 5207 2024-07-24T15:20:38Z 2024-07-24T15:20:38Z House H HR 2023-08-15 118 [Congressional Record Volume 169, Number 136 (Tuesday, August 15, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BUCHANAN:H.R. 5207.Congress has the power to enact this legislation pursuantto the following:Art. 1, Sec. 8The single subject of this legislation is:To amend the Internal Revenue Code of 1986 to add a newmedical research component to the credit for increasingresearch activities[Page H4187]]]> hswm00 Ways and Means Committee House Standing Referred to 2023-08-15T15:00:10Z 2023-08-15 Referred to the House Committee on Ways and Means. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2023-08-15 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-08-15 Introduced in House IntroReferral 1000 9 Library of Congress B001260 Rep. Buchanan, Vern [R-FL-16] Vern Buchanan R FL 16 N F000466 Rep. Fitzpatrick, Brian K. [R-PA-1] Brian Fitzpatrick R PA K. 1 2023-08-15 True K000376 Rep. Kelly, Mike [R-PA-16] Mike Kelly R PA 16 2023-08-15 True Taxation Taxation 2023-09-01T15:45:19Z

00 2023-08-15 Introduced in House 2023-09-18T17:29:13Z 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).

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To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities. Display Title 45 To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities. 2024-07-24T15:20:38Z Official Title as Introduced 6 To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities. 2024-03-18T21:18:33Z Introduced in House IH Introduced in House 2023-08-15T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr5207ih/xml/BILLS-118hr5207ih.xml 2023-08-15 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.