The Rural Hospital Fairness Act provides a tax credit to encourage research into neurodegenerative diseases and psychiatric conditions. The credit would cover 25% of expenses for 'translational research' - work that helps turn scientific discoveries into practical treatments and therapies.
Latest Action
Referred to the House Committee on Ways and Means.
AI Summary
Plain-English explanation of this bill
The Rural Hospital Fairness Act provides a tax credit to encourage research into neurodegenerative diseases and psychiatric conditions. The credit would cover 25% of expenses for 'translational research' - work that helps turn scientific discoveries into practical treatments and therapies.
Last updated: 12/29/2025
Official Summary
Congressional Research Service summary
<p><strong>Mental Health Research Accelerator Act of </strong><b>2023</b></p> <p>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.</p>
Key Points
Main provisions of the bill
Offers a tax credit for up to 25% of expenses on research to develop new treatments for brain diseases and mental health conditions.
The tax credit is subject to annual national limits, starting at $1 billion in 2024 and reaching $2 billion from 2025-2028.
The goal is to accelerate the process of turning laboratory breakthroughs into real-world medical advances that can improve people's lives.
How This Impacts Americans
Potential effects on citizens and communities
If passed, this bill would provide financial incentives for pharmaceutical companies, academic institutions, and other research organizations to invest in developing new drugs, therapies, and technologies for neurological and psychiatric disorders. This could lead to faster progress in areas like Alzheimer's, Parkinson's, depression, and schizophrenia, potentially benefiting millions of Americans affected by these conditions.
Policy Areas
Primary Policy Area
Taxation
Scope & Jurisdiction
Jurisdiction Level
federal
Congressional Session
119th Congress
Citation Reference
5821, 119th Congress (2025). "Rural Hospital Fairness Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5821
