Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- H.R.1566
H.R.1566: To amend the Internal Revenue Code of 1986 to make permanent the credit for clinical testing expenses for certain drugs for rare diseases or conditions and to provide for carryovers and carrybacks of unused credits.
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced May 3, 1995
- Latest Major Action May 3, 1995
Bill Sponsor
Bill Cosponsors
8 (5 Democrats, 3 Republicans)
Bill Summary
Amends the Internal Revenue Code to extend permanently the tax credit for expenses of clinical testing of certain drugs for rare diseases or conditions. Allows a three-year carryback and 15-year carryforward of unused credit amounts, except that no credit may be carried to a taxable year beginning before January 1, 1995.
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Sponsor introductory remarks on measure.
|
|
|
Referred to the House Committee on Ways and Means.
|
|
| May 3, 1995 |
Introduced in the House by Nancy Lee Johnson (R-Conn.) |