118th Congress · HOUSE BILLBILL

H.R. 6979 — 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.

“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.”

Taxation

Introduced Jan 11, 2024

Last action Jan 11, 2024

Pipeline · Bill → Law

Step 1

Introduced

Jan 11, 2024

Step 2

Referred

Jan 11, 2024

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS 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.

Provisions · 1 sectionsIntroduced in House

Timeline · 2 actions

Jan 11, 2024

Introduced in House

Jan 11, 2024

Referred to the House Committee on Ways and Means.