The booming contract research industry would get a financial gift under a bill recently introduced in Congress.
The measure, dubbed the Domestic Research Enhancement Act of 2017, would give companies a 35 percent tax credit for research expenses when they are conducting contract research. Tax credits for research and development do not currently extend to research done under such contracts.
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Hopefully this law would only apply to domestic CRO’s. Currently many clinical trials are outsourced to countries where labor is cheap and quality questionable. Bring back those trials to the US and MAKE AMERICA GREAT AGAIN!