US SB1224 | 2013-2014 | 113th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: Introduced on June 26 2013 - 25% progression, died in committee
Action: 2013-06-26 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on June 26 2013 - 25% progression, died in committee
Action: 2013-06-26 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Civil Justice Tax Fairness Act of 2013 - Amends the Internal Revenue Code to allow: (1) an exclusion from gross income for amounts received (whether by judgment or settlement, as lump sums or periodic payments) on account of a claim of unlawful discrimination; (2) income averaging for backpay and frontpay amounts received from such claims; and (3) an exemption from the alternative minimum tax (AMT) for any tax benefit resulting from the income averaging of amounts received from an unlawful discrimination claim.
Title
Civil Justice Tax Fairness Act of 2013
Sponsors
Sen. Benjamin Cardin [D-MD] | Sen. Susan Collins [R-ME] | Sen. Tom Harkin [D-IA] | Sen. Jeff Merkley [D-OR] |
History
Date | Chamber | Action |
---|---|---|
2013-06-26 | Senate | Read twice and referred to the Committee on Finance. |
Same As/Similar To
HB2509 (Related) 2013-06-26 - Referred to the House Committee on Ways and Means.
Subjects
Civil actions and liability
Employment discrimination and employee rights
Income tax exclusion
Tax administration and collection, taxpayers
Taxation
Wages and earnings
Employment discrimination and employee rights
Income tax exclusion
Tax administration and collection, taxpayers
Taxation
Wages and earnings
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/113th-congress/senate-bill/1224/all-info |
Text | https://www.congress.gov/113/bills/s1224/BILLS-113s1224is.pdf |