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H.R. 5207

To amend the Internal Revenue Code of 1986 to add a new medical research component to the credit for increasing research activities.

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).

Referred to the House Committee on Ways and Means.

Rep. Buchanan, Vern [R-FL-16](R-FL)Sponsor
2 cosponsors2 R
2cosponsors1committees3actions
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

    Ways and Means Committee
  2. IntroReferralIntro-H

    Introduced in House

  3. IntroReferral1000

    Introduced in House

To amend the Internal Revenue Code of 1986 to add a new medical research component to the … — Informed