No Tax Deductions for Workplace Harasser Buyouts Act

Bill: 117-hr-8619
Sponsor: full_name: Rep. Maloney, Carolyn B. [D-NY-12]
Introduced: 2022-07-29
Policy area: Taxation
Latest action: action_date: 2022-07-29
text: Referred to the House Committee on Ways and Means.

Summaries:
action_date: 2022-07-29
action_desc: Introduced in House
text: <p><b>No Tax Deductions for Workplace Harasser Buyouts Act</b></p> <p>This bill modifies the tax deduction for trade or business expenses to deny a deduction for payments made to any employee in connection with the termination of employment if a factor in the termination was sexual assault, sexual harassment, sexual misconduct, or workplace harassment based on race, color, national origin, religion, sex, disability, or other specified factors.</p>

tv_txt: I 117th CONGRESS 2d Session H. R. 8619 IN THE HOUSE OF REPRESENTATIVES July 29, 2022 Mrs. Carolyn B. Maloney of New York (for herself, Mr. Carson , Mr. Connolly , Mr. García of Illinois , Mr. Gomez , Mr. Grijalva , Mrs. Hayes , Mr. Jones , Mr. Lynch , Mr. Nadler , Ms. Norton , Mr. Pocan , Ms. Porter , Ms. Roybal-Allard , Mr. Smith of Washington , Mr. Takano , Ms. Titus , and Ms. Velázquez ) 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 deny a deduction for severance payments made in connection with workplace harassment.

1. Short title This Act may be cited as the No Tax Deductions for Workplace Harasser Buyouts Act . 2. Denial of deduction for severance payments made in connection with workplace harassment (a) In general Section 162 of the Internal Revenue Code of 1986 is amended by redesignating subsection (s) as subsection (t) and by inserting after subsection (r) the following new subsection: (s) Denial of deduction for severance payments made in connection with workplace harassment No deduction shall be allowed under this chapter for any amount paid or incurred to any employee in connection with the termination of employment of such employee if a factor in such termination was the performance, or alleged performance, by such employee of sexual assault, sexual harassment, sexual misconduct, or workplace harassment based on race, color, national origin, religion, sex (including pregnancy, sexual orientation, or gender identity), age (40 or older), disability, genetic information (including family medical history), or any combination of such factors. . (b) Effective date The amendments made by this section shall apply to amounts paid or incurred in taxable years ending after the date of the enactment of this Act.