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

USA118th CongressHR-5207| 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 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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Timeline

Bill from Previous Congress

HR 116-7555
To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.

Bill from Previous Congress

HR 117-7505
To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.
Aug 15, 2023
Introduced in House
Aug 15, 2023
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-7555
    To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.


  • Bill from Previous Congress

    HR 117-7505
    To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.


  • 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 add a new medical research component to the credit for increasing research activities.

USA118th CongressHR-5207| House 
| Updated: 8/15/2023
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).
View Full Text

Suggested Questions

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

Timeline

Bill from Previous Congress

HR 116-7555
To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.

Bill from Previous Congress

HR 117-7505
To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.
Aug 15, 2023
Introduced in House
Aug 15, 2023
Referred to the House Committee on Ways and Means.
  • Bill from Previous Congress

    HR 116-7555
    To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.


  • Bill from Previous Congress

    HR 117-7505
    To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.


  • 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