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

Summary

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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3 official files

• Introduced in House (text)

  Introduced in House · EN · 15 August 2023

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• Introduced in House (PDF)

  Introduced in House · EN · 15 August 2023

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 15 August 2023

  Open at official source

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