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HOUSE 6979118th CongressReferred to the House Committee on Ways and Means.

To amend the Internal Revenue Code of 1986 to provide a credit to small businesses for research activities related to the mitigation of certain drug threats.

Last Action
1/11/2024

Actions

  • 2024-01-11Referred to the House Committee on Ways and Means.
  • 2024-01-11Introduced in House
  • 2024-01-11Introduced in House

CRS Summary

As of 2024-01-11 (00)

This bill allows certain small businesses a new tax credit for 10% of their qualified drug threat mitigation research expenses. Such expenses include research into mitigating or treating the effects of specified drugs, including any emerging drugs, fentanyl, a fentanyl-related substance, or methamphetamine.

Cosponsors (6)

  • Madeleine Dean (D-PA)
  • Don Bacon (R-NE)
  • David Trone (D-MD)
  • Michael Lawler (R-NY)
  • Juan Ciscomani (R-AZ)
  • Marcus Molinaro (R-NY)
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.