U.S. Healthcare Technologies Competitiveness Act of 2006

Summary

U.S. Healthcare Technologies Competitiveness Act of 2006 - Amends the Internal Revenue Code to provide tax incentives for investment in biomedical research corporations and related entities, by: (1) exempting investors in biomedical research corporations from limitations on net operating losses acquired through stock sales and mergers involving such corporations; (2) permitting a complete offset against the alternative minimum tax for the net operating losses of biomedical research corporations; (3) making permanent and increasing the rates for the tax credit for increasing research activities; (4) allowing tax credits for countermeasures equity investments and research expenses, qualified medical innovation expenses, equity investments in incubational companies, and investment in qualified biotechnology zone bonds; (5) accelerating eligibility for the tax credit for orphan drug expenses; (6) allowing expensing of biotechnology science park property and medical research equipment; (7) allowing deferral of the tax on gain from the sale of stock in a biomedical research corporation; (8) increasing the tax deductibility of capital losses on the sale of stock in biomedical research corporations; and (9) modifying passive loss deduction rules and S corporation shareholder requirements for biomedical research corporations.

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Timeline

1. 6 April 2006

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 6 April 2006

   Introduced

   Introduced in House

   Source: IntroReferral

3. 6 April 2006

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 6 April 2006 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 6 April 2006

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 6 April 2006

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 6 April 2006

  Open at official source

Sponsors

• Rep. Hart, Melissa A. [R-PA-4] · R · Sponsor
• Rep. English, Phil [R-PA-3] · R · Sponsor
• Rep. Weller, Jerry [R-IL-11] · R · Sponsor
• Rep. Ramstad, Jim [R-MN-3] · R · Cosponsor
• · hswm00 · Standing

Related records

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