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]
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.
Title
Civil Justice Tax Fairness Act of 2015
Sponsors
Sen. Susan Collins [R-ME] | Sen. Benjamin Cardin [D-MD] |
History
Date | Chamber | Action |
---|---|---|
2015-09-17 | Senate | Read 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
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/114th-congress/senate-bill/2059/all-info |
Text | https://www.congress.gov/114/bills/s2059/BILLS-114s2059is.pdf |