H.R. 7166 · 117th Congress · House

Make Medicine in America Again Act

Active· Referred to the House Committee on Ways and Means.
Introduced
Mar 18, 22
Passed House
Pending
Passed Senate
Pending
Sent to President
Pending
Signed into Law
Pending

Executive 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.

Action Timeline

3
  1. MAR 18, 2022IntroReferral

    Introduced in House

  2. MAR 18, 2022IntroReferral

    Introduced in House

  3. MAR 18, 2022IntroReferral

    Referred to the House Committee on Ways and Means.

Committees

1

Ways and Means Committee

hswm00

Referred: Mar 18, 2022

Active