H.R. 6979 · 118th Congress

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.

Stage
In committee
Sponsor
Joe Neguse
Introduced
2024-01-11
Latest action
2024-01-11 · Introduced in House

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.