Stop Tax Breaks for Sexual Misconduct Act

Bill: 115-hr-4516
Sponsor: full_name: Rep. DelBene, Suzan K. [D-WA-1]
Introduced: 2017-12-01
Policy area: Taxation
Subjects: Assault and harassment offenses

Business expenses

Civil actions and liability

Employment discrimination and employee rights

Income tax deductions

Income tax exclusion

Legal fees and court costs

Sex offenses
Latest action: action_date: 2017-12-01
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2017-12-01
action_desc: Introduced in House
text: <p><b>Stop Tax Breaks for Sexual Misconduct Act </b></p> <p>This bill amends the Internal Revenue Code to prohibit a tax deduction for trade or business expenses paid or incurred for: (1) liability insurance providing coverage with respect to sexual misconduct by an employee; or (2) damages, settlement costs, or attorney's fees with respect to sexual misconduct by an employee. </p> <p>The bill also excludes from gross income amounts received as damages or settlement payments on account of injuries due to sexual misconduct. </p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4516 IN THE HOUSE OF REPRESENTATIVES December 1, 2017 Ms. DelBene introduced the following bill; which was referred to the Committee on Ways and Means A BILL To amend the Internal Revenue Code of 1986 to modify the treatment of certain payments made with respect to sexual misconduct.

1. Short title This Act may be cited as the Stop Tax Breaks for Sexual Misconduct Act . 2. Treatment of certain payments made with respect to sexual misconduct (a) Denial of deduction for certain payments made with respect to sexual misconduct Section 162(c) of the Internal Revenue Code of 1986 is amended by adding at the end the following new paragraph: (4) Certain payments made with respect to sexual misconduct No deduction shall be allowed under subsection (a) for any amount paid or incurred for— (A) liability insurance providing coverage with respect to sexual misconduct by an employee, or (B) damages, settlement costs, or attorney’s fees with respect to sexual misconduct by an employee. . (b) Exclusion from gross income of certain amounts received with respect to sexual misconduct Section 104(a) of the Internal Revenue Code of 1986 is amended by striking and at the end of paragraph (5), by striking the period at the end of paragraph (6) and inserting ; and , and by inserting after paragraph (6) the following new paragraph: (7) amount received as damages or settlement payments on account of injuries due to sexual misconduct. . (c) Effective date The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.