Excludes from gross income, for income tax purposes, any amount received by an individual as a qualified clinical trial payment.

Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139I the following new section:

Gross income shall not include any amount received by an individual as a qualified clinical trial payment.

For purposes of this section, the term qualified clinical trial payment means any amount paid to an individual—

(1) as compensation for participation by the individual or a dependent of the individual in an approved clinical trial, or

(2) to reimburse or pay reasonable and necessary expenses incurred in connection with participation by the individual or a dependent of the individual in an approved clinical trial.

For purposes of this section—

The term approved clinical trial has the meaning given such term in section 2709(d)(1) of the Public Health Service Act (42 U.S.C. 300gg–8(d)(1)), determined by applying disease or condition for life-threatening disease or condition.

The term dependent has the meaning given such term in section 152.

The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting after the item relating to section 139I the following new item:

The amendment made by this section shall apply to amounts paid after December 31, 2023.