[Congressional Bills 105th Congress]
[From the U.S. Government Publishing Office]
[S. 293 Introduced in Senate (IS)]







105th CONGRESS
  1st Session
                                 S. 293

To amend the Internal Revenue Code of 1986 to make permanent the credit 
 for clinical testing expenses for certain drugs for rare diseases or 
                              conditions.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           February 10, 1997

 Mr. Hatch (for himself and Mr. Baucus) introduced the following bill; 
     which was read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to make permanent the credit 
 for clinical testing expenses for certain drugs for rare diseases or 
                              conditions.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CREDIT FOR CERTAIN CLINICAL TESTING EXPENSES MADE PERMANENT.

    (a) In General.--Section 45C of the Internal Revenue Code of 1986 
(relating to clinical testing expenses for certain drugs for rare 
diseases or conditions) is amended by striking subsection (e).
    (b) Effective Date.--The amendment made by this section shall apply 
to amounts paid or incurred after May 31, 1997.
                                 <all>