Bill > HR7090

This bill amends the Internal Revenue Code of 1986 to exclude from gross income certain compensation received by individuals for participating in approved clinical trials. Specifically, it establishes a new section (139J) that excludes from taxable income any payments or reimbursements received for participating in an approved clinical trial, including for expenses like meals, lodging, and travel. An "approved clinical trial" is defined as having the meaning given in the Public Health Service Act. The amendments made by this bill would apply to amounts paid after December 31, 2023.