HR 3445 113th Congress House Taxation Civil actions and liability Income tax deductions Income tax exclusion Life, casualty, property insurance

Stop Deducting Damages Act of 2013

Introduced: October 30, 2013 Introduced by: Welch, Peter Democratic · Vermont See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 30, 2013

Referred to the House Committee on Ways and Means.

Oct 30, 2013

Introduced in House

Plain-English summary Congressional Research Service

Stop Deducting Damages Act of 2013 - Amends the Internal Revenue Code to: (1) deny a tax deduction for any amount paid or incurred for compensatory or punitive damages in connection with any judgment in, or settlement of, any action against a government; and (2) include in gross income any amount paid as insurance or otherwise due to liability for punitive damages.

What's happening now October 30, 2013

Referred to the House Committee on Ways and Means.

Committees of jurisdiction 1