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S 2059 114th Congress Senate Taxation Civil actions and liability Employment discrimination and employee rights Income tax exclusion Tax administration and collection, taxpayers Wages and earnings

Civil Justice Tax Fairness Act of 2015

Introduced: September 17, 2015 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 17, 2015
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S6815)
Sep 17, 2015
Introduced in Senate
 Plain-English summary Congressional Research Service

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's happening now September 17, 2015

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

 Committees of jurisdiction 1