To extend the waiver of limitations with respect to excluding from gross income amounts received by wrongfully incarcerated individuals.

Bill: 115-hr-885
Sponsor: full_name: Rep. Johnson, Sam [R-TX-3]
Introduced: 2017-02-06
Policy area: Taxation
Subjects: Civil actions and liability

Correctional facilities and imprisonment

Income tax credits

Income tax exclusion
Latest action: action_date: 2017-02-06
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2017-02-06
action_desc: Introduced in House
text: <p>This bill amends the Protecting Americans from Tax Hikes Act of 2015 to extend the waiver of limitations on credits or refunds related to the exclusion from gross income of certain civil damages, restitution, or other monetary awards received by wrongfully incarcerated individuals.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 885 IN THE HOUSE OF REPRESENTATIVES February 6, 2017 Mr. Sam Johnson of Texas (for himself and Mr. Larson of Connecticut ) introduced the following bill; which was referred to the Committee on Ways and Means A BILL To extend the waiver of limitations with respect to excluding from gross income amounts received by wrongfully incarcerated individuals.

1. Extension of waiver of limitations with respect to excluding from gross income amounts received by wrongfully incarcerated individuals (a) In general Section 304(d) of the Protecting Americans from Tax Hikes Act of 2015 ( 26 U.S.C. 139F note) is amended by striking 1-year and inserting 2-year . (b) Technical correction Section 304(d) of such Act ( 26 U.S.C. 139F note) is amended by striking application of this Act and inserting application of this section . (c) Effective date The amendments made by this section shall take effect as if included in section 304 of the Protecting Americans from Tax Hikes Act of 2015.