Section 1 Short title
This Act may be cited as the “Zika Immunization Plan Act” or as the “ZIP Act”.
Zika Immunization Plan Act
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.
Sec. 2 Research credit for development of Zika virus vaccine
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.”
Effective date— The amendments made by this section shall apply to taxable years ending after the date of the enactment of this Act.