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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.
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PS022394

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