To amend the Internal Revenue Code of 1986 to exclude from gross income amounts awarded to qui tam plaintiffs.

H.R. 4887 proposes a change to the federal tax code that would allow individuals who win "qui tam" lawsuits to keep their awards without paying federal income tax on them. These lawsuits are filed by private citizens, often called whistleblowers, who expose fraud or the misuse of government funds by federal contractors. Under current law, these rewards are generally treated as taxable income; this bill would categorize those payments as exclusions from a person's gross income, effectively increasing the financial incentive for citizens to report government fraud.