H.R. 1414 — Introduced in House

I 119th CONGRESS 1st Session H. R. 1414 IN THE HOUSE OF REPRESENTATIVES February 18, 2025Mr. 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. 1. Short title This Act may be cited as Cameron’s Law. 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.