Cameron’s Law
Introduced Feb 18, 2025 by Rep. Josh Gottheimer
It's waiting on a committee vote to reach the full chamber. Most bills never leave this stage.
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.
Summary by the Congressional Research Service.
No floor votes yet — it hasn't reached the floor of either chamber.