Exclusion from gross income for remuneration provided by sponsors of approved clinical trials to participants

(a) In general Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before section 140 the following new section: 139J. Remuneration provided by sponsors of approved clinical trials to participants (a) In general Gross income shall not include the value of any payment received by an individual from participation in an approved clinical trial (as defined in subsection (d) of the first section 2709 of the Public Health Service Act). (b) Limitation The amount excluded from gross income under subsection (a) for any taxable year shall not exceed $2,000.. (b) Clerical amendment The table of sections for part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before the item relating to section 140 the following new item: Sec. 139J. Remuneration provided by sponsors of approved clinical trials to participants.. (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of enactment of this Act.