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HR 2486 114th Congress House

Stop Deducting Damages Act of 2015

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

Introduced: May 20, 2015 Introduced by: Welch, Peter Democratic · Vermont See on congress.gov
Taxation Civil actions and liabilityIncome tax deductionsIncome tax exclusionLife, casualty, property insurance
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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
May 20, 2015
Referred to the House Committee on Ways and Means.
May 20, 2015
Introduced in House
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 Latest action May 20, 2015

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Stop Deducting Damages Act of 2015

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.

 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. 2486: Stop Deducting Damages Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-2486/
MLA
"H.R. 2486: Stop Deducting Damages Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-2486/.
Bluebook (legal)
H.R. 2486, 114th Cong. (2026), https://openamerica.io/bill/114-HR-2486/.
Markdown link
[H.R. 2486: Stop Deducting Damages Act of 2015](https://openamerica.io/bill/114-HR-2486/)
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