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HR 2153 107th Congress House

American Breakthrough Research Act of 2001

Official title: To provide for an election to exchange research-related tax benefits for a refundable tax credit, for the recapture of refunds in certain circumstances, and for other purposes.

Introduced: June 13, 2001 See on congress.gov
Taxation Business income taxBusiness lossesClinical trialsCommerce
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Corporation taxesHealthIncome taxOrphan drugsPharmaceutical researchResearch and development tax creditScience, Technology, CommunicationsTax deductionsTax penaltiesTax refunds
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 13, 2001
Referred to the House Committee on Ways and Means.
Jun 13, 2001
Sponsor introductory remarks on measure. (CR E1094)
Jun 13, 2001
Introduced in House
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 Latest action June 13, 2001

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
American Breakthrough Research Act of 2001 - Amends the Internal Revenue Code to allow a qualified research corporation to elect a refundable credit in the amount of the sum of the discounted research credits and discounted research net operating loss (NOL) in lieu of taking its research credits and research NOLs. (Defines terms for purposes of such credit.)

Prohibits an electing corporation from using nonrelinquished research or NOL tax credits until such corporation has paid back the original amount of the refundable credit in Federal income taxes.

Provides for credit recapture in the event of failure to increase research activity.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
McGovern, James P.
Massachusetts · Jun 13, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2153: American Breakthrough Research Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-HR-2153/
MLA
"H.R. 2153: American Breakthrough Research Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-2153/.
Bluebook (legal)
H.R. 2153, 107th Cong. (2026), https://openamerica.io/bill/107-HR-2153/.
Markdown link
[H.R. 2153: American Breakthrough Research Act of 2001](https://openamerica.io/bill/107-HR-2153/)
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