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- S.1773
S.1773: 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 Oct. 22, 2003
- Latest Major Action Oct. 22, 2003
Bill Sponsor
Bill Cosponsors
3 (1 Democrat, 3 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 |
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Read twice and referred to the Committee on Finance.
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Oct. 22, 2003 |
Introduced in the Senate by Richard J. Santorum (R-Pa.) |