Search Results for keywords:"research expenses"

Search Results: keywords:"research expenses"

H. R. 2085 — 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.
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March 11, 2025
Status:Introduced in House
Congress:119
Words:1,495
H.R. 2085, also known as the "Mental Health Research Accelerator Act of 2025," aims to amend the Internal Revenue Code to provide a tax credit to support translational research on neurodegenerative diseases and psychiatric conditions. This bill proposes a 25% tax credit on...
Simple Explanation
H.R. 2085 is like a plan to give money back to people and companies if they spend money trying to make new medicines for brain problems and mental health. It's like getting a special sticker for helping solve important health puzzles, but there are rules and limits on how many stickers they can give every year.
H. R. 802 — To amend the Internal Revenue Code of 1986 to add qualified semiconductor design expenditures to the advanced manufacturing investment credit.
January 28, 2025
Status:Introduced in House
Congress:119
Words:1,693
The bill, H.R. 802, proposes an amendment to the Internal Revenue Code of 1986 to introduce a tax credit for qualified semiconductor design expenses. It allows eligible companies to receive a 25% tax credit on both their investments in advanced manufacturing facilities and semiconductor...
Simple Explanation
H.R. 802 is like giving companies a prize for spending money to come up with new ideas for making computer chips in the U.S. They can get 25% back on their costs if they try out new designs up until the end of 2036.

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