HB6979: 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.
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
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.
Plain-language summary
This bill would amend the tax code to create a tax credit for small businesses that conduct research to help reduce certain drug threats. A tax credit reduces the taxes a business owes, acting as a government incentive. The credit would apply to research activities aimed at mitigating drug-related harms. The bill is currently introduced in Congress, meaning it has been formally submitted but not yet assigned to a for review.
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HB6979: To amend the Internal Revenue Code of 1986 to provide a credit to small busines…
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Sponsors
Joseph Neguse
Primary SponsorCo-sponsors (6)
Madeleine Dean
Don Bacon
David Trone
Michael Lawler
Juan Ciscomani