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119-hr-1414Committee
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Cameron’s Law

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Summary

Official CRS 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.

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Bill details

Congress
119
Bill type
hr
Introduced
February 18, 2025
Sponsor
Josh GottheimerDNJ
Cosponsors
19
Last action
February 18, 2025— Referred to the House Committee on Ways and Means.

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