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S 2863 110th Congress Senate Taxation Clinical trials Commerce Cytology Health Human embryology Income tax Medical research Preventive medicine Science, Technology, Communications Tax credits

Ethical Stem Cell Research Tax Credit Act of 2008

Introduced: April 15, 2008 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 15, 2008
Read twice and referred to the Committee on Finance.
Apr 15, 2008
Introduced in Senate
 Plain-English summary Congressional Research Service

Ethical Stem Cell Research Tax Credit Act of 2008 - Amends the Internal Revenue Code to allow a tax credit for 30% of qualified stem cell research expenses paid or incurred in a taxable year. Defines "qualified stem cell research expenses" as expenses for carrying out basic and applied research to develop techniques for the isolation, derivation, production, testing, and human clinical use of stem cells that may result in improved understanding of or treatments for diseases and other adverse health conditions. Prohibits a tax credit for any research expenses that may involve: (1) the creation of a human embryo for research purposes; (2) the destruction of or discarding of, or risk of injury to, a human embryo; or (3) the use of any stem cell for prohibited purposes.

What's happening now April 15, 2008

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2