This bill would amend the Internal Revenue Code of 1986 to exclude from gross income any compensatory damages with respect to sexual assault claims. Sponsor(s): Catherine Cortez Masto and Todd Young. Status: Read twice and referred to the Committee on Finance.
If enacted, people who receive compensatory damages for sexual assault claims could exclude those payments from their gross income for federal income tax purposes. No other details are publicly available in the provided text.
No publicly available information about estimated budgetary effects, revenue changes, or enforcement costs is available in the provided materials.
No publicly available information about supporters' stated reasons or arguments is available in the provided materials.
No publicly available information about opponents' stated reasons or arguments is available in the provided materials.