US HB7767 | 2019-2020 | 116th Congress
Status
Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on July 23 2020 - 25% progression, died in committee
Action: 2020-07-23 - Referred to the Subcommittee on Select Revenue Measures.
Pending: House Subcommittee on Select Revenue Measures Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 23 2020 - 25% progression, died in committee
Action: 2020-07-23 - Referred to the Subcommittee on Select Revenue Measures.
Pending: House Subcommittee on Select Revenue Measures Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allows employers tax credits for domestic medical and drug manufacturing expenses and for advanced medical manufacturing equipment.
Title
To amend the Internal Revenue Code of 1986 to provide for credits against tax for domestic medical and drug manufacturing and advanced medical manufacturing equipment.
Sponsors
Rep. Brad Wenstrup [R-OH] | Rep. Jody Arrington [R-TX] | Rep. Robert Wittman [R-VA] | Rep. Garland Barr [R-KY] |
Sen. Roger Marshall [R-KS] |
History
Date | Chamber | Action |
---|---|---|
2020-07-23 | House | Referred to the Subcommittee on Select Revenue Measures. |
2020-07-23 | House | Referred to the House Committee on Ways and Means. |
2020-07-23 | House | Introduced in House |
Same As/Similar To
HB14 (Related) 2020-11-02 - Referred to the Subcommittee on Railroads, Pipelines, and Hazardous Materials.
Subjects
Advanced technology and technological innovations
Health technology, devices, supplies
Income tax credits
Income tax rates
Industrial policy and productivity
Inflation and prices
Manufacturing
Prescription drugs
Sales and excise taxes
Taxation
Trade restrictions
U.S. and foreign investments
Wages and earnings
Health technology, devices, supplies
Income tax credits
Income tax rates
Industrial policy and productivity
Inflation and prices
Manufacturing
Prescription drugs
Sales and excise taxes
Taxation
Trade restrictions
U.S. and foreign investments
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/7767/all-info |
Text | https://www.congress.gov/116/bills/hr7767/BILLS-116hr7767ih.pdf |