MMEDS Act of 2023
Latest action · Jan 24, 2023 Referred to the Committee on Ways and Means, and in addition to the Committee on 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.
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.
- IntroducedJan 24, 2023
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Medical Manufacturing, Economic Development, and Sustainability Act of 2023 or the MMEDS Act of 2023
This bill provides incentives for relocating medical manufacturing facilities in the United States and for manufacturing medical products (i.e., drugs and devices) in economically distressed zones. Specifically, the bill allows a income tax credit for 40% of the sum of wages paid in a medical manufacturing economically distressed zone, employee fringe benefit expenses, and depreciation and amortization allowances with respect to qualified medical manufacturing facility property, and a credit for economically distressed zone products and services acquired by domestic medical manufacturers. The bill increases the credit rate for minority businesses.
Cosponsors 3
Members who signed on, in the order they did. Signatures ran from Jan 24, 2023 to Oct 26, 2023, with 1 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-FL | Maria Elvira Salazar | Original | Jan 24, 2023 |
| R-FL | Carlos A. Gimenez | Sep 26, 2023 | |
| R-NY | Nicole Malliotakis | Oct 26, 2023 |
Actions 2
Everything that happened, newest first.
- Jan 24, 2023Introduced in House
- Jan 24, 2023Referred to the Committee on Ways and Means, and in addition to the Committee on 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.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
- Aging
- Business expenses
- Business investment and capital
- Cardiovascular and respiratory health
- Community life and organization
- Congressional oversight
- Drug safety, medical device, and laboratory regulation
- Economic development
- Emergency medical services and trauma care
- Government studies and investigations
- Health technology, devices, supplies
- Housing and community development funding
- Immunology and vaccination
- Income tax credits
- Income tax deductions
- Industrial facilities
- Infectious and parasitic diseases
- Manufacturing
- Medical research
- Medical tests and diagnostic methods
- Minority and disadvantaged businesses
- Minority health
- Poverty and welfare assistance
- Public-private cooperation
- Research administration and funding
- Research and development
- Strategic materials and reserves
- Taxation
- Unemployment
- Veterans' medical care
- Wages and earnings
Text 1
Each version as it was printed, newest first.
- Jan 24, 2023Introduced 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.