# 117-hr-7504: To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.

117-hr-7504, To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research., is a 117th Congress bill sponsored by Rep. Buchanan, Vern [R-FL-16] (R-FL); status Referred to the House Committee on Ways and Means. (as of 2025-11-18).

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## Facts
- Bill: 117-hr-7504
- Congress: 117
- Title: To amend the Internal Revenue Code of 1986 to make a portion of research credit refundable for certain small businesses engaging in specified medical research.
- Status: Referred to the House Committee on Ways and Means.
- Introduced: 2022-04-14
- Sponsor: Rep. Buchanan, Vern [R-FL-16] (R-FL)
- Cosponsors: 1
- Policy area: Taxation
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

This bill allows for the refundability of a portion of the tax credit for increasing research activities for small businesses (gross receipts not exceeding $1 million) engaged in specified medical research. Under the Public Health Service Act, specified medical research means research with respect to qualified countermeasures (i.e., a drug, biological product, or device for preventing harm from any biological agent or from a condition that may result in adverse health consequences or death).

## Cosponsors (1)

- Rep. Kelly, Mike [R-PA-16] (R-PA), 2022-04-14T00:00:00.000Z

## Related bills

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- 117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servicemembers who perished in Afghanistan on August 26, 2021, during the evacuation…
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- 117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doherty, Tyrone Woods, J. Christopher Stevens, and Sean Smith, in recognition of thei…
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## Sources
- [117-hr-7504 on Congress.gov](https://www.congress.gov/bill/117th-congress/house-bill/7504)

## Related
- [117-hr-1448: PAWS for Veterans Therapy Act](https://policyrisk.com/legislation/117-hr-1448)
- [117-hr-5142: To award posthumously a Congressional Gold Medal, in commemoration to the servi…](https://policyrisk.com/legislation/117-hr-5142)
- [117-hr-8351: Formula Act](https://policyrisk.com/legislation/117-hr-8351)
- [117-hr-7108: Suspending Normal Trade Relations with Russia and Belarus Act](https://policyrisk.com/legislation/117-hr-7108)
- [117-hr-310: To posthumously award the Congressional Gold Medal, collectively, to Glen Doher…](https://policyrisk.com/legislation/117-hr-310)
- [117-hr-9143: To prevent the use of additional Internal Revenue Service funds from being used…](https://policyrisk.com/legislation/117-hr-9143)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/117-hr-7504 (as of 2025-11-18).