H.R. 1414, introduced in the 119th Congress by Mr. Gottheimer and other co-sponsors, aims to amend the Internal Revenue Code of 1986 to increase the orphan drug tax credit. The bill proposes changing the credit from 25 percent to 50 percent to encourage the development of...
Simple Explanation
H.R. 1414 is a plan to help make medicines for rare diseases by giving companies more money back from their taxes, so they can afford to create and sell these special medicines.