To amend the Internal Revenue Code of 1986 to allow a credit for payments or contributions to certain cooperative research organizations.

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a tax credit for a percentage of contributions to qualified cooperative research organizations for qualified cooperative research expenditures. Coordinates such credit with the credit for clinical testing expenses for certain drugs for rare diseases or conditions and the deduction for certain expenses for which credits are allowable.…