American Made Medicine Act
Latest action · Apr 5, 2022 Referred to the House Committee on Ways and Means.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 5, 2022
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
American Made Medicine Act
This bill allows employers tax credits for domestic medical and drug manufacturing expenses and for advanced medical manufacturing equipment. It also provides a tax credit for a percentage of the basis of qualifying medical manufacturing EPA compliance property placed in service before January 1, 2029, or during calendar year 2030.
The bill defines qualifying medical manufacturing EPA compliance property as depreciable property used by a taxpayer in the trade or business of manufacturing a drug, device, biological product, or active pharmaceutical ingredient or covered countermeasure (e.g., a qualified pandemic or epidemic product, security countermeasure, or respiratory protective device). The property must meet emissions limits under the Clean Air Act or wastewater standards under the Clean Water Act.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Apr 5, 2022 to Jul 21, 2022, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-GA | A. Drew Ferguson IV | Original | Apr 5, 2022 |
| R-PA | Mike Kelly | Apr 14, 2022 | |
| R-FL | Vern Buchanan | Apr 14, 2022 | |
| R-IL | Darin LaHood | Jul 21, 2022 |
Actions 2
Everything that happened, newest first.
- Apr 5, 2022Introduced in House
- Apr 5, 2022Referred to the House Committee on Ways and Means.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Advanced technology and technological innovations
- Air quality
- Business investment and capital
- Health technology, devices, supplies
- Income tax credits
- Income tax rates
- Industrial policy and productivity
- Inflation and prices
- Manufacturing
- Prescription drugs
- Sales and excise taxes
- Taxation
- Trade restrictions
- U.S. and foreign investments
- Wages and earnings
- Water quality
Text 1
Each version as it was printed, newest first.
- Apr 5, 2022Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.