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117-hr-7166117th Congress
Make Medicine in America Again Act
Sponsored By: Representative Mooney, Alexander X. [R-WV-2]
Unknown
Summary
Make Medicine in America Again Act This bill provides tax incentives for the manufacture of pharmaceutical property, equipment, buildings, or facilities in the United States. Specifically it allows bonus depreciation for such property and a business-related tax credit for 50% of expenditures for (1) wages for services performed in a U.S. pharmaceutical manufacturing business, (2) the tangible personal property of such a business, and (3) any direct or indirect costs paid or incurred in a U.S. pharmaceutical manufacturing business.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Mooney, Alexander X. [R-WV-2]
WV • R
Cosponsors
Rep. Trone, David J. [D-MD-6]
MD • D
Sponsored 5/19/2022
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov