Civil Justice Tax Fairness Act of 2015
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Sep 17, 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.
What just happenedSep 17, 2015
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6815)
Who’s behind it
- Introduced in SenateSep 17, 2015
- Sep 17, 2015IntroReferral
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6815)
Finance Committee - Sep 17, 2015IntroReferral10000
Introduced in Senate