US SB2059 | 2015-2016 | 114th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on September 17 2015 - 25% progression, died in committee
Action: 2015-09-17 - Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6815)
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Civil Justice Tax Fairness Act of 2015 This bill 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 or 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.

Tracking Information

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Title

Civil Justice Tax Fairness Act of 2015

Sponsors


History

DateChamberAction
2015-09-17SenateRead twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6815)

Same As/Similar To

HB3550 (Related) 2015-09-17 - Referred to the House Committee on Ways and Means.

Subjects


US Congress State Sources


Bill Comments

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