To amend the Internal Revenue Code of 1986 to provide for a credit against tax for expenses for translational research regarding neurodegenerative diseases and psychiatric conditions.
Mental Health Research Accelerator Act of 2023
This bill allows a tax credit through 2033 for 25% of expenses for translational research regarding neurodegenerative diseases and psychiatric conditions. The credit amount is subject to limitations, including an aggregate national limitation of $1 billion in 2024, $2 billion in 2025-2028, and $1 billion in 2029.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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