HR 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.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill proposes a tax credit for small businesses engaged in research aimed at mitigating the threats posed by specific drugs, including fentanyl and methamphetamine. The credit would be 10% of qualified drug threat mitigation research expenses. The bill defines key terms like ‘qualified drug threat mitigation research’ and ‘specified drug’ to ensure clarity and applicability. It also requires a report from the Government Accountability Office (GAO) after 10 years to assess the impact and effectiveness of the tax credit.
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Primary sponsor
Cosponsors
David J. Trone
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