Legislators
Bills
Statements
Lobbying
Travel
- Bills
- H.R.7505
H.R.7505: 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 April 14, 2022
- Latest Major Action April 14, 2022
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Version
- Introduced in House - April 14, 2022
Bill Summary
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).
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
April 14, 2022 |
Referred to the House Committee on Ways and Means.
|
April 14, 2022 |
Introduced in the House by Vern Buchanan (R-Fla.) |