ZIP Act

Bill: 114-hr-4563
Sponsor: full_name: Rep. Clawson, Curt [R-FL-19]
Introduced: 2016-02-12
Policy area: Taxation
Subjects: Health promotion and preventive care

Immunology and vaccination

Income tax credits

Infectious and parasitic diseases

Research and development
Latest action: action_date: 2016-02-12
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2016-02-12
action_desc: Introduced in House
text: <p><strong>Zika Immunization Plan Act or the ZIP Act</strong></p> <p>This bill amends the Internal Revenue Code to allow a tax credit for 10% of qualified research expenses related to the development of a vaccine for the Zika virus. </p>

tv_txt: I 114th CONGRESS 2d Session H. R. 4563 IN THE HOUSE OF REPRESENTATIVES February 12, 2016 Mr. Clawson of Florida (for himself and Mr. Murphy of Florida ) 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 a credit for research related to the development of a vaccine for the Zika virus.

1. Short title This Act may be cited as the Zika Immunization Plan Act or as the ZIP Act . 2. Research credit for development of Zika virus vaccine (a) In general Section 41(a) of the Internal Revenue Code of 1986 is amended by striking and at the end of paragraph (2), by striking the period at the end of paragraph (3) and inserting , and and by adding at the end the following new paragraph: (4) 10 percent of so much of the qualified research expenses for the taxable year as relate to the development of a vaccine for the Zika virus which is intended for use in humans. . (b) Effective date The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.