HR 1414 · Cameron’s Law
Referred to the House Committee on Ways and Means.
- Introduced
- Feb 18, 2025
- Latest action
- Feb 18, 2025
- Sponsor
- Rep. Josh Gottheimer [D-NJ-5]
- Policy area
- Taxation
- Cosponsors
- 17
Summary
Cameron's Law This bill increases the orphan drug tax credit to 50% (from 25%) of qualified clinical testing expenses paid or incurred in the development of drugs to treat certain rare diseases or conditions. As background, the Tax Cuts and Jobs Act reduced the orphan drug tax credit (for tax years after 2017) to 25% of qualified clinical testing expenses (e.g., wages, supplies, and certain contract expenses) paid or incurred in the development of drugs to treat certain rare diseases or conditions. For 2017 and prior tax years, the orphan tax credit was 50% of such expenses paid or incurred.
Recent actions
- Feb 18, 2025 Referred to the House Committee on Ways and Means.
- Feb 18, 2025 Introduced in House
- Feb 18, 2025 Introduced in House
Votes
No recorded votes are available for this bill.