A bill to amend the Internal Revenue Code of 1986 to extend the exclusion for compensation for injuries or sickness to encompass posttraumatic stress disorder, and for other purposes.

Bill: 116-s-4911
Sponsor: full_name: Sen. Merkley, Jeff [D-OR]
Introduced: 2020-11-18
Policy area: Taxation
Subjects: Civil actions and liability

Health care costs and insurance

Income tax exclusion

Mental health

Neurological disorders
Latest action: action_date: 2020-11-18
text: Read twice and referred to the Committee on Finance.

Summaries:
action_date: 2020-11-18
action_desc: Introduced in Senate
text: <p>This bill extends the tax exclusion of damages on account of injuries or sickness to include post-traumatic stress disorder.</p>

tv_txt: II 116th CONGRESS 2d Session S. 4911 IN THE SENATE OF THE UNITED STATES November 18, 2020 Mr. Merkley introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Internal Revenue Code of 1986 to extend the exclusion for compensation for injuries or sickness to encompass posttraumatic stress disorder, and for other purposes.

1. Exclusion for compensation for posttraumatic stress disorder (a) In general Paragraph (2) of section 104(a) of the Internal Revenue Code of 1986 is amended by striking sickness and inserting sickness or posttraumatic stress disorder . (b) Conforming amendment The last sentence of section 104(a) of the Internal Revenue Code of 1986 is amended by striking shall not apply and inserting shall not apply to posttraumatic stress disorder or . (c) Effective date The amendments made by this section shall apply to compensation received after the date of the enactment of this Act.