I 
117TH CONGRESS 
2D SESSION 
H. R. 7410 
To amend the Internal Revenue Code of 1986 to provide for credits against 
tax for domestic medical and drug manufacturing and advanced medical 
manufacturing equipment. 
IN THE HOUSE OF REPRESENTATIVES 
APRIL 5, 2022 
Mr. WENSTRUP (for himself and Mr. FERGUSON) introduced the following bill; 
which was referred to the Committee on Ways and Means 
A BILL 
To amend the Internal Revenue Code of 1986 to provide 
for credits against tax for domestic medical and drug 
manufacturing and advanced medical manufacturing 
equipment. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘American Made Medi-
cine Act’’. 
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SEC. 2. DOMESTIC MEDICAL AND DRUG MANUFACTURING 
CREDIT. 
(a) IN GENERAL.—Subpart D of part IV of sub-
chapter A of chapter 1 of the Internal Revenue Code of 
1986 is amended by adding at the end the following new 
section: 
‘‘SEC. 45U. DOMESTIC MEDICAL AND DRUG MANUFAC-
TURING CREDIT. 
‘‘(a) IN GENERAL.—For purposes of section 38, the 
domestic medical and drug manufacturing credit deter-
mined under this section for any taxable year is an amount 
equal to 10.5 percent of the lesser of— 
‘‘(1) the qualified medical and drug manufac-
turing income of the taxpayer for the taxable year, 
or 
‘‘(2) taxable income of the taxpayer for the tax-
able year. 
‘‘(b) CREDIT LIMITED TO WAGES PAID.— 
‘‘(1) IN GENERAL.—The amount of the credit 
allowable under subsection (a) for any taxable year 
shall not exceed 50 percent of the W–2 wages of the 
taxpayer for the taxable year. 
‘‘(2) W–2 WAGES.—For purposes of this sec-
tion— 
‘‘(A) 
IN
GENERAL.—The 
term 
‘W–2 
wages’ means, with respect to any person for 
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any taxable year of such person, the sum of the 
amounts described in paragraphs (3) and (8) of 
section 6051(a) paid by such person with re-
spect to employment of employees by such per-
son during the calendar year ending during 
such taxable year. 
‘‘(B) LIMITATION
TO
WAGES
ATTRIB-
UTABLE
TO
DOMESTIC
PRODUCTION.—Such 
term shall not include any amount which is not 
properly allocable to domestic medical and drug 
manufacturing gross receipts for purposes of 
subsection (c)(1). 
‘‘(C) RETURN REQUIREMENT.—Such term 
shall not include any amount which is not prop-
erly included in a return filed with the Social 
Security Administration on or before the 60th 
day after the due date (including extensions) 
for such return. 
‘‘(3) ACQUISITIONS, DISPOSITIONS, AND SHORT 
TAXABLE YEARS.—The Secretary shall provide for 
the application of this subsection in cases of a short 
taxable year or where the taxpayer acquires, or dis-
poses of, the major portion of a trade or business or 
the major portion of a separate unit of a trade or 
business during the taxable year. 
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