H.R. 2347
Excludes sexual act damages from taxable income
Damages other than punitive damages from a judgment, award, or settlement for a sexual act or sexual contact would not be taxed, even without medical records or visible injuries.
- Damages other than punitive damages for a sexual act or sexual contact would be excluded from gross income
- No medical records or visible injuries would be required for the exclusion
- If an award or settlement states damages are for a sexual act, the IRS would have to prove otherwise in court
- The IRS would promote public awareness of the exclusion
Passed the House · Senate's turn