HR 1988

112th CONGRESS
1st Session

H. R. 1988

To amend the Internal Revenue Code of 1986 to extend the qualifying therapeutic discovery project credit.

IN THE HOUSE OF REPRESENTATIVES

May 25, 2011

Mrs. DAVIS of California (for herself and Ms. SCHWARTZ) introduced the following bill; which was referred to the Committee on Ways and Means, and in addition to the Committees on Appropriations and Energy and Commerce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned


A BILL

To amend the Internal Revenue Code of 1986 to extend the qualifying therapeutic discovery project credit.

SECTION 1. SHORT TITLE.

SEC. 2. EXTENSION OF QUALIFYING THERAPEUTIC DISCOVERY PROJECT CREDIT.

SEC. 3. RESCISSION OF UNSPENT FEDERAL FUNDS TO OFFSET LOSS IN REVENUES.

END