Compensation under Thalidomide Survivors Compensation Program excludable from income tax
Read this section in the full bill →
This section appears in one version only, so there is nothing to compare yet.
(a) In general Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting after section 139L the following new section: 139M. Compensation under the Thalidomide Survivors Compensation Program Gross income shall not include compensation received by an individual under the Thalidomide Survivors Compensation Act of 2025.. (b) Clerical amendment 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 139L the following new item: Sec. 139M. Compensation under the Thalidomide Survivors Compensation Program.. (c) Effective date The amendments made by this section shall apply to amounts received after the date of enactment of this Act, in taxable years ending after such date.