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Make Medicine in America Again Act

USA117th CongressHR-7166| House 
| Updated: 3/18/2022
Alexander X. Mooney

Alexander X. Mooney

Republican Representative

West Virginia

Cosponsors (1)
David J. Trone (Democratic)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Make Medicine in America Again Act This bill provides tax incentives for the manufacture of pharmaceutical property, equipment, buildings, or facilities in the United States. Specifically it allows bonus depreciation for such property and a business-related tax credit for 50% of expenditures for (1) wages for services performed in a U.S. pharmaceutical manufacturing business, (2) the tangible personal property of such a business, and (3) any direct or indirect costs paid or incurred in a U.S. pharmaceutical manufacturing business.
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Timeline
Mar 18, 2022
Introduced in House
Mar 18, 2022
Referred to the House Committee on Ways and Means.
  • March 18, 2022
    Introduced in House


  • March 18, 2022
    Referred to the House Committee on Ways and Means.

Taxation

Make Medicine in America Again Act

USA117th CongressHR-7166| House 
| Updated: 3/18/2022
Make Medicine in America Again Act This bill provides tax incentives for the manufacture of pharmaceutical property, equipment, buildings, or facilities in the United States. Specifically it allows bonus depreciation for such property and a business-related tax credit for 50% of expenditures for (1) wages for services performed in a U.S. pharmaceutical manufacturing business, (2) the tangible personal property of such a business, and (3) any direct or indirect costs paid or incurred in a U.S. pharmaceutical manufacturing business.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Mar 18, 2022
Introduced in House
Mar 18, 2022
Referred to the House Committee on Ways and Means.
  • March 18, 2022
    Introduced in House


  • March 18, 2022
    Referred to the House Committee on Ways and Means.
Alexander X. Mooney

Alexander X. Mooney

Republican Representative

West Virginia

Cosponsors (1)
David J. Trone (Democratic)

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted