HR 6979
118th Congress
House
Taxation
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.
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 11, 2024
Referred to the House Committee on Ways and Means.
Jan 11, 2024
Introduced in House
Plain-English 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.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1