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HR 5206 118th Congress House Taxation

To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.

Introduced: August 15, 2023 Introduced by: Buchanan, Vern Republican · Florida See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 15, 2023
Referred to the House Committee on Ways and Means.
Aug 15, 2023
Introduced in House
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 Plain-English summary Congressional Research Service

This bill allows for the refundability of a portion of the tax credit for increasing research activities for small businesses (gross receipts not exceeding $1 million) engaged in specified medical research. Under the Public Health Service Act, specified medical research means research with respect to qualified countermeasures (i.e., a drug, biological product, or device for preventing harm from any biological agent or from a condition that may result in adverse health consequences or death).

What's happening now August 15, 2023

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Fitzpatrick, Brian K.
Pennsylvania · Aug 15, 2023
 R
Kelly, Mike
Pennsylvania · Aug 15, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5206: To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.. 118th Congress. Open America. https://openamerica.io/bill/118-HR-5206/
MLA
"H.R. 5206: To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-5206/.
Bluebook (legal)
H.R. 5206, 118th Cong. (2026), https://openamerica.io/bill/118-HR-5206/.
Markdown link
[H.R. 5206: To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.](https://openamerica.io/bill/118-HR-5206/)
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