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HR 6700 112th Congress House

Stop Deducting Damages Act of 2012

Official title: To amend the Internal Revenue Code of 1986 to disallow deductions for the payment of punitive damages, and for other purposes.

Introduced: December 20, 2012 Introduced by: Welch, Peter Democratic · Vermont See on congress.gov
Taxation Civil actions and liabilityCompetition and antitrustIncome tax deductionsIncome tax exclusionLife, casualty, property insurance
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 20, 2012
Referred to the House Committee on Ways and Means.
Dec 20, 2012
Introduced in House
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 Latest action December 20, 2012

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Stop Deducting Damages Act of 2012 - Amends the Internal Revenue Code to: (1) deny a tax deduction for any amount paid or incurred for punitive damages in connection with any judgment in, or settlement of, any legal action; and (2) include any amount paid as punitive damages in gross income for income tax purposes.

 Related & companion bills 1
  • S 794 Related bill Protecting American Taxpayers from Misconduct Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 6700: Stop Deducting Damages Act of 2012. 112th Congress. Open America. https://openamerica.io/bill/112-HR-6700/
MLA
"H.R. 6700: Stop Deducting Damages Act of 2012." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-6700/.
Bluebook (legal)
H.R. 6700, 112th Cong. (2026), https://openamerica.io/bill/112-HR-6700/.
Markdown link
[H.R. 6700: Stop Deducting Damages Act of 2012](https://openamerica.io/bill/112-HR-6700/)
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