Bill > HR7767

This bill allows employers tax credits for domestic medical and drug manufacturing expenses and for advanced medical manufacturing equipment. Specifically, it establishes a Domestic Medical and Drug Manufacturing Credit of up to 10.5% of the taxpayer's qualified income from domestic medical and drug manufacturing, subject to a limit of 50% of the taxpayer's W-2 wages. It also establishes a Qualifying Advanced Medical Manufacturing Equipment Credit of up to 30% of the basis of equipment used to manufacture drugs, devices, or biological products that incorporate novel technology or can improve product quality and address shortages. These credits can be claimed against the taxpayer's regular income tax and alternative minimum tax.

Budget and Finance

https://www.congress.gov/bill/116th-congress/house-bill/7767/all-info