HR 5821
118th Congress
House
Taxation
Mental Health Research Accelerator Act of 2023
Introduced: September 28, 2023
Introduced by:
Thompson, Mike
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2023
Referred to the House Committee on Ways and Means.
Sep 28, 2023
Introduced in House
Plain-English summary
Mental Health Research Accelerator Act of 2023
This bill allows a tax credit through 2033 for 25% of expenses for translational research regarding neurodegenerative diseases and psychiatric conditions. The credit amount is subject to limitations, including an aggregate national limitation of $1 billion in 2024, $2 billion in 2025-2028, and $1 billion in 2029.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1