[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1414 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 1414

To amend the Internal Revenue Code of 1986 to restore the amount of the 
                        orphan drug tax credit.


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                    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

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                                 A BILL


 
To amend the Internal Revenue Code of 1986 to restore the amount of the 
                        orphan drug tax credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

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.
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