HR 7418
To amend the Internal Revenue Code of 1986 to exclude from gross income certain compensation to clinical trial participants.
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Sign in to take action- Introduced
- Passed House
- Passed Senate
- To President
- Became Law
Bill overview
This bill proposes to change the tax code to allow individuals who participate in approved clinical trials – such as those researching cancer treatments – to exclude certain payments from their gross income. Specifically, it defines ‘qualified clinical trial payment’ as compensation for participation or reimbursement for reasonable expenses related to the trial. The changes would take effect starting in 2024. This aims to incentivize participation in crucial medical research.
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Primary sponsor
Cosponsors
Brad R. Wenstrup
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