Cameron’s Law

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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Timeline

1. 18 February 2025

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 18 February 2025

   Introduced

   Introduced in House

   Source: IntroReferral

3. 18 February 2025

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

• Introduced in House

  Introduced in House · EN · 18 February 2025

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 18 February 2025

  Open at official source

Sponsors

• Rep. Gottheimer, Josh [D-NJ-5] · D · Sponsor
• Don Bacon · R · Sponsor
• Rep. Panetta, Jimmy [D-CA-19] · D · Sponsor
• Rep. Suozzi, Thomas R. [D-NY-3] · D · Sponsor
• Rep. Miller, Max L. [R-OH-7] · R · Cosponsor
• Rep. Fitzpatrick, Brian K. [R-PA-1] · R · Cosponsor
• Rep. Carey, Mike [R-OH-15] · R · Cosponsor
• Rep. Johnson, Henry C. "Hank" [D-GA-4] · D · Cosponsor
• Rep. Davis, Donald G. [D-NC-1] · D · Cosponsor
• Rep. Lawler, Michael [R-NY-17] · R · Cosponsor
• Henry Cuellar · D · Cosponsor
• Bradley Schneider · D · Cosponsor
• Rep. Costa, Jim [D-CA-21] · D · Cosponsor
• Young Kim · R · Cosponsor
• Rep. Kelly, Mike [R-PA-16] · R · Cosponsor
• Rep. Carson, André [D-IN-7] · D · Cosponsor
• Rep. Tenney, Claudia [R-NY-24] · R · Cosponsor
• Jennifer Kiggans · R · Cosponsor
• Rep. Kean, Thomas H. [R-NJ-7] · R · Cosponsor
• Rep. Hurd, Jeff [R-CO-3] · R · Cosponsor
• · hswm00 · Standing

Related records

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