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S. 2059

Civil Justice Tax Fairness Act of 2015

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.

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6815)

Sen. Collins, Susan M. [R-ME](R-ME)Sponsor
1 cosponsor1 D
1cosponsors1committees2actions1related bills5subjects
  1. IntroReferral

    Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6815)

    Finance Committee
  2. IntroReferral10000

    Introduced in Senate

Civil Justice Tax Fairness Act of 2015 — Informed