umbilical cord blood, amniotic fluid, an organ or tis-
sue of a living or deceased human being who has 
been born, or an organ or tissue of unborn human 
offspring who died of natural causes (such as spon-
taneous abortion). 
‘‘(3) ELIGIBLE
FACILITY.—The term ‘eligible 
facility’ means a research institution or storage facil-
ity that does not engage in research relating to stem 
cells derived from human embryos and does not 
store stem cells derived from human embryos. 
‘‘(c) QUALIFIED UMBILICAL CORD BLOOD DONA-
TION.—For purposes of this section, the term ‘qualified 
umbilical cord blood donation’ means the donation by the 
taxpayer, on the occasion of the birth of a child of the 
taxpayer, of— 
‘‘(1) the neonatal blood remaining in the pla-
centa and umbilical cord after separation of the 
mother from the newborn baby, or 
‘‘(2) any other part of the umbilical cord. 
‘‘(d) FILING REQUIREMENTS.— 
‘‘(1) MARRIED INDIVIDUALS.—If the taxpayer 
is married at the close of the taxable year, the credit 
shall be allowed under subsection (a)(2) only if— 
‘‘(A) the taxpayer and his spouse file a 
joint return for the taxable year, or 
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‘‘(B) the taxpayer is the mother of the 
child referred to in subsection (c). 
‘‘(2) INDIVIDUALS WHO ARE NOT MARRIED.—If 
the taxpayer is not married at the close of the tax-
able year, the credit shall be allowed under sub-
section (a) only if the taxpayer is the mother of the 
child referred to in subsection (c). 
‘‘(3) MARITAL STATUS.—An individual legally 
separated from his spouse under a decree of divorce 
or of separate maintenance shall not be considered 
as married.’’. 
(b) BUSINESS RELATED CREDIT
FOR QUALIFIED 
RESEARCH AND STORAGE.—Subpart D of part IV of sub-
chapter 1 of such Code is amended by inserting after sec-
tion 45Q the following new section: 
‘‘SEC. 45R. QUALIFIED STEM CELL RESEARCH AND STOR-
AGE CREDITS. 
‘‘(a) GENERAL RULE.—For purposes of section 38— 
‘‘(1) QUALIFIED STEM CELL RESEARCH CRED-
IT.—The qualified stem cell research credit deter-
mined under this paragraph for any taxable year is 
equal to 100 percent of the expenses paid or in-
curred by the taxpayer during the taxable year that 
are directly related to qualified stem cell research. 
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‘‘(2) QUALIFIED STEM CELL STORAGE CRED-
IT.—The qualified stem cell storage credit deter-
mined under this paragraph for any taxable year is 
equal to— 
‘‘(A) 50 percent of the expenses paid or in-
curred by the taxpayer during the taxable year 
to establish a storage facility for qualified stem 
cells, and 
‘‘(B) 20 percent of the expenses paid or in-
curred by the taxpayer during the taxable year 
to maintain the storage facility described in 
subparagraph (A). 
‘‘(b) LIMITATION.—With respect to a qualified stem 
cell storage facility for which an amount determined under 
subparagraph (A) of subsection (a)(2) has been allowed 
as a credit in a taxable year, the amount determined under 
such subparagraph with respect to such storage facility 
in a subsequent taxable year shall be zero. 
‘‘(c) QUALIFIED STEM CELL.—For purposes of this 
section, the term ‘qualified stem cell’ means a human stem 
cell obtained from a human placenta, umbilical cord blood, 
amniotic fluid, an organ or tissue of a living or deceased 
human being who has been born, or an organ or tissue 
of unborn human offspring who died of natural causes 
(such as spontaneous abortion).’’. 
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(c) CONFORMING AMENDMENTS.— 
(1) Section 38(b) is amended by striking ‘‘plus’’ 
at the end of paragraph (34), by striking the period 
at the end of paragraph (35) and inserting ‘‘, plus’’, 
and by adding at the end the following: 
‘‘(36) the qualified stem cell research and stor-
age credits determined under section 45O(a).’’. 
(2) The table of sections for subpart A of part 
IV of subchapter A of chapter 1 of such Code is 
amended by inserting after the item relating to sec-
tion 25D the following new item: 
‘‘Sec. 25E. Qualified stem cell research, storage, and donation credit.’’. 
(3) The table of sections for subpart D of part 
IV of subchapter A of chapter 1 of such Code is 
amended by inserting after the item relating to sec-
tion 45N the following new item: 
‘‘Sec. 45R. Qualified stem cell research and storage credits.’’. 
(d) EFFECTIVE DATE.—The amendments made by 
this section shall apply to taxable years beginning after 
December 31, 2008. 
Æ 
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