HB5821: Mental Health Research Accelerator Act of 2023
- 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 for a credit against tax for expenses for translational research regarding neurodegenerative diseases and psychiatric conditions.
Plain-language summary
This bill would let businesses and researchers claim a tax credit—a direct reduction in taxes owed—for money spent on translational research about neurodegenerative diseases like Alzheimer's and psychiatric conditions like depression. Translational research means work that takes basic science discoveries and turns them into practical treatments or therapies. The bill modifies the Internal Revenue Code, which is the federal tax law. It was introduced in the current Congress but has not yet been voted on or moved to .
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HB5821: Mental Health Research Accelerator Act of 2023
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Sponsors
Mike Thompson
Primary SponsorCo-sponsors (3)
Mike Kelly
Doris Matsui
John Garamendi