US SB2988 | 2017-2018 | 115th Congress

US Congress Senate Bill 2988 (Prior Session Legislation)

Status

Spectrum: Bipartisan Bill
Status: Introduced on June 5 2018 - 25% progression, died in committee
Action: 2018-06-05 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Summary

EMPOWER Act - Part 2 Ending the Monopoly of Power Over Workplace Harassment through Education and Reporting Act - Part 2 This bill amends the Internal Revenue Code to modify the tax treatment of expenses and payments related to workplace harassment and employment discrimination. The bill prohibits a tax deduction for amounts paid or incurred by the taxpayer: pursuant to any judgment or award in litigation related to workplace harassment, including sexual harassment; for expenses and attorney's fees in connection with the litigation resulting in the judgment or award (other than expenses or fees paid by the workplace harassment plaintiff or claimant); or for insurance covering the defense or liability of the underlying claims in the litigation. The bill also: (1) excludes from gross income amounts received in connection with a judgment, award, or settlement related to workplace harassment, including sexual harassment or other unlawful discrimination; and (2) limits the taxation of and the application of the alternative minimum tax to compensation received under a settlement or judgment for employment discrimination.

Title

EMPOWER Act - Part 2 Ending the Monopoly of Power Over Workplace Harassment through Education and Reporting Act - Part 2

History

Date	Chamber	Action
2018-06-05	Senate	Read twice and referred to the Committee on Finance.

Same As/Similar To

HB6406 (Related) 2018-07-17 - Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, Financial Services, House Administration, Oversight and Government Reform, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.