To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Aug 15, 2023)
This bill allows for the refundability of a portion of the tax credit for increasing research activities for small businesses (gross receipts not exceeding $1 million) engaged in specified medical research. Under the Public Health Service Act, specified medical research means research with respect to qualified countermeasures (i.e., a drug, biological product, or device for preventing harm from any biological agent or from a condition that may result in adverse health consequences or death).
What just happenedAug 15, 2023
Referred to the House Committee on Ways and Means.
Who’s behind it
- Introduced in HouseAug 15, 2023
- Aug 15, 2023IntroReferralH11100
Referred to the House Committee on Ways and Means.
Ways and Means Committee - Aug 15, 2023IntroReferralIntro-H
Introduced in House
- Aug 15, 2023IntroReferral1000
Introduced in House