118th Congress · HOUSE BILLBILL

H.R. 5821 — Mental Health Research Accelerator Act of 2023

“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.”

Taxation

Introduced Sep 28, 2023

Last action Sep 28, 2023

Pipeline · Bill → Law

Step 1

Introduced

Sep 28, 2023

Step 2

Referred

Sep 28, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

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.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Sep 28, 2023

Introduced in House

Sep 28, 2023

Referred to the House Committee on Ways and Means.