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118-hr-6979Committee
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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.

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Summary

Official CRS summary

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.

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Bill details

Congress
118
Bill type
hr
Introduced
January 11, 2024
Sponsor
Not yet available
Last action
January 11, 2024— Referred to the House Committee on Ways and Means.

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