Orphan drug "windfall profit" tax bill
Executive Summary
Rep. Stark (D-Calif.) introduces bill (HR 1588) April 1 that would impose a 75% tax on any gross revenues from orphan drugs over 125% the cost of production and marketing of the drug for the year. Such revenues would not be taxed until development costs were recovered. A similar bill was introduced by Stark last October.
Rep. Stark (D-Calif.) introduces bill (HR 1588) April 1 that would
impose a 75% tax on any gross revenues from orphan drugs over 125%
the cost of production and marketing of the drug for the year. Such
revenues would not be taxed until development costs were recovered.
A similar bill was introduced by Stark last October. |