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To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.

USA118th CongressHR-5206| House 
| Updated: 8/15/2023
Vern Buchanan

Vern Buchanan

Republican Representative

Florida

Cosponsors (2)
Mike Kelly (Republican)Brian K. Fitzpatrick (Republican)

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill allows for the refundability of a portion of the tax credit for increasing research activities for small businesses (gross receipts not exceeding $1 million) engaged in specified medical research. Under the Public Health Service Act, specified medical research means research with respect to qualified countermeasures (i.e., a drug, biological product, or device for preventing harm from any biological agent or from a condition that may result in adverse health consequences or death).
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Timeline

Bill from Previous Congress

HR 117-7504
To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.

Bill from Previous Congress

HR 116-7556
To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.
Aug 15, 2023
Introduced in House
Aug 15, 2023
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 117-7504
    To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.


  • Bill from Previous Congress

    HR 116-7556
    To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.


  • August 15, 2023
    Introduced in House


  • August 15, 2023
    Referred to the House Committee on Ways and Means.

Taxation

To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.

USA118th CongressHR-5206| House 
| Updated: 8/15/2023
This bill allows for the refundability of a portion of the tax credit for increasing research activities for small businesses (gross receipts not exceeding $1 million) engaged in specified medical research. Under the Public Health Service Act, specified medical research means research with respect to qualified countermeasures (i.e., a drug, biological product, or device for preventing harm from any biological agent or from a condition that may result in adverse health consequences or death).
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 117-7504
To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.

Bill from Previous Congress

HR 116-7556
To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.
Aug 15, 2023
Introduced in House
Aug 15, 2023
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 117-7504
    To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.


  • Bill from Previous Congress

    HR 116-7556
    To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.


  • August 15, 2023
    Introduced in House


  • August 15, 2023
    Referred to the House Committee on Ways and Means.
Vern Buchanan

Vern Buchanan

Republican Representative

Florida

Cosponsors (2)
Mike Kelly (Republican)Brian K. Fitzpatrick (Republican)

Ways and Means Committee

Taxation

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