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S. 3504 - Human Trafficking Survivor Tax Relief Act

Sponsor: John Cornyn (R)
Introduced: 2018-09-26
Bill Status: Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6343-6346)
 

Human Trafficking Survivor Tax Relief Act

This bill amends the Internal Revenue Code to exclude from gross income civil damages, restitution, or other monetary awards (including compensatory or statutory damages and restitution imposed in a criminal matter) awarded to victims of peonage, slavery, or human trafficking.

Full Text


115th CONGRESS
2d Session
S. 3504


    To amend the Internal Revenue Code of 1986 to provide an exemption from gross income for civil damages as recompense for trafficking in persons.


IN THE SENATE OF THE UNITED STATES

September 26, 2018

    Mr. Cornyn (for himself and Mr. Wyden) introduced the following bill; which was read twice and referred to the Committee on Finance


A BILL

    To amend the Internal Revenue Code of 1986 to provide an exemption from gross income for civil damages as recompense for trafficking in persons.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. Short title.

This Act may be cited as the “Human Trafficking Survivor Tax Relief Act”.

SEC. 2. Exempting from Federal income taxation civil damages awarded under section 1595 of title 18, United States Code.

(a) In general.—Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before section 140 the following new section:

“SEC. 139H. Certain amount received as civil damages as recompense for trafficking in persons.

“(a) Exclusion from gross income.—Gross income shall not include any civil damages, restitution, or other monetary award (including compensatory or statutory damages and restitution imposed in a criminal matter) awarded in an action under section 1595 of title 18, United States Code.”.

(b) Conforming amendment.—The table of sections for part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before the item relating to section 140 the following new item:

“Sec. 139H. Certain amount received as civil damages as recompense for trafficking in persons.”.

(c) Effective date.—The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.


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