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- H.R.2968
H.R.2968: Biotechnology Future Investment Expansion Act of 2003
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about taxation
- Introduced July 25, 2003
- Latest Major Action July 25, 2003
Bill Sponsor
Bill Cosponsors
31 (13 Democrats, 19 Republicans)
Bill Summary
Biotechnology Future Investment Expansion Act of 2003 - Amends the Internal Revenue Code to provide that in the case of a biomedical research corporation, any owner shift involving a five-percent shareholder which occurs as the result of a qualified investment during the testing period shall be treated as occurring before the testing period. (Thus not counting toward net operating loss and tax credit carryover limitations.) Defines: (1)...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Referred to the House Committee on Ways and Means.
|
|
| July 25, 2003 |
Introduced in the House by Thomas M. Reynolds (R-N.Y.) |