MMEDS Act of 2025

The MMEDS Act of 2025 creates tax credits for medical manufacturers operating in economically distressed zones (areas with high poverty rates) to encourage job creation and medical manufacturing in these communities. It provides a 40% tax credit for wages, employee benefits, and facility costs related to medical manufacturing in these zones, with higher credits (60%) for facilities that repatriated manufacturing from foreign countries or produce "population health products" for vulnerable populations. The bill establishes a process for designating economically distressed zones based on poverty rates and requires states to submit strategic development plans. The tax credits apply to taxable years beginning after December 31, 2024.