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- H.R.7555
H.R.7555: To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.
About This Bill
- Introduced July 9, 2020
- Latest Major Action July 9, 2020
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Version
- Introduced in House - July 9, 2020
Bill Summary
This bill allows a new research tax credit amount for 14% of specified medical research expenditures. It defines specified medical research expenditures as amounts paid for any qualified research with respect to any qualified countermeasure. A qualified countermeasure is a drug, biological product, or device that is determined to be a priority (1) to diagnose, mitigate, prevent, or treat harm from any biological agent (including organisms that...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
July 9, 2020 |
Referred to the Subcommittee on Select Revenue Measures.
|
July 9, 2020 |
Referred to the House Committee on Ways and Means.
|
July 9, 2020 |
Introduced in the House by Devin Nunes (R-Calif.) |