I
119th CONGRESS
1st Session
H. R. 1414
IN THE HOUSE OF REPRESENTATIVES
February 18, 2025
Mr. Gottheimer (for himself, Mr. Bacon, Mr. Panetta, and Mr. Suozzi) introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to restore the amount of the orphan drug tax credit.
Section 1. Short title
This Act may be cited as Cameron’s Law
.
Sec. 2. Restoration of amount of orphan drug tax credit
(a) In general
Section 45C(a) of the Internal Revenue Code of 1986 is amended by striking 25 percent
and inserting 50 percent
.
(b) Effective date
The amendment made by this section shall apply to taxable years beginning after the date of the enactment of this Act.