years. (e) Termination No credit shall be allowed under this section for any taxable year beginning after December 31, 2033. . (b) Deduction disallowed Section 280C of such Code is amended by adding at the end the following new subsection: (i) Credit for certain translational research No deduction shall be allowed for that portion of the expenses taken into account under section 45BB otherwise allowable as a deduction for the taxable year which is equal to the amount of the credit determined for such taxable year under such section. . (c) Credit made part of general business credit Section 38(b) of the Internal Revenue Code of 1986 is amended by striking plus at the end of paragraph (40), by striking the period at the end of paragraph (41) and inserting , plus , and by adding at the end the following new paragraph: (42) the credit determined under section 45BB. . (d) Clerical amendment The table of sections for subpart D of part IV of subchapter A of chapter 1 of such Code is amended by adding at the end the following new item: Sec. 45BB. Expenses for certain translational research. . (e) Effective date The amendments made by this subsection shall take effect on the date of the enactment of this Act.