Harley Jacobsen Clinical Trial Participant Income Exemption Act...
A bill to amend the Internal Revenue Code of 1986 to exclude from gross income certain compensation to clinical trial participants, and for other purposes.
This bill aims to change the tax laws to ensure that people who participate in clinical trials do not have to pay taxes on the money they earn from these trials. This change would affect anyone participating in clinical trials, allowing them to keep more of their compensation.
The bill is currently in its early stages, having just been introduced and referred to the Senate Committee on Finance for further review. As of now, it has not moved beyond this initial step. It was introduced on July 23, 2026, by Senator Jim Banks, with co-sponsorship from Senator Catherine Cortez Masto.
The next steps involve committee review and potential amendments before it can be voted on by the full Senate. If passed, it would then move to the House for further consideration.
