BIO Applauds House Passage of the American Innovation Act


Sep 27, 2018--The Biotechnology Innovation Organization today applauded the House of Representatives for passing the American Innovation Act of 2018 , which includes a provision that would protect investments in start-ups from inadvertently triggering the net operating loss limitations under Section 382 of the tax code. R&D-intensive biotech start-ups frequently accumulate substantial NOLs in their early, pre-revenue years, given their typical reliance on investor capital for more than a decade before realizing any product revenue.



from Biotech News