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United States · Bill · HR

H.R. 5115 (109th)

U.S. Healthcare Technologies Competitiveness Act of 2006

referredUnited States· United States Congress· EN

Introduced

6 April 2006

Last action

6 April 2006 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Hart, Melissa A. [R-PA-4], Rep. English, Phil [R-PA-3], Rep. Weller, Jerry [R-IL-11], Rep. Ramstad, Jim [R-MN-3]

Subjects

Healthcare, Taxation

Source updated

15 August 2025

Healthcare · Taxation

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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.

This text is taken from the official record. PoliticalRepo does not editorialize.

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

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 6 April 2006

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  • Introduced in House (PDF)

    Introduced in House · EN · 6 April 2006

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  • Introduced in House

    summary · EN · 6 April 2006

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Sponsors

Related records

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Sources

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