H.R. 7418 proposes an amendment to the Internal Revenue Code of 1986 to ensure that money received by individuals as compensation for participating in clinical trials is not counted as part of their gross income for tax purposes. This includes payments made directly to...
Simple Explanation
H.R. 7418 is like a rule that says when people get paid for helping scientists by being part of clinical trials, they don't have to pay extra money to the government from that payment. This rule helps them save some of their money if they joined after the end of 2023.