115th CONGRESS 2d Session |
To amend the Internal Revenue Code of 1986 to provide an exemption from gross income for civil damages as recompense for trafficking in persons.
September 26, 2018
Mr. Cornyn (for himself and Mr. Wyden) introduced the following bill; which was read twice and referred to the Committee on Finance
To amend the Internal Revenue Code of 1986 to provide an exemption from gross income for civil damages as recompense for trafficking in persons.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
This Act may be cited as the “Human Trafficking Survivor Tax Relief Act”.
SEC. 2. Exempting from Federal income taxation civil damages awarded under section 1595 of title 18, United States Code.
(a) In general.—Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before section 140 the following new section:
“SEC. 139H. Certain amount received as civil damages as recompense for trafficking in persons.
(b) Conforming amendment.—The table of sections for part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before the item relating to section 140 the following new item:
“Sec. 139H. Certain amount received as civil damages as recompense for trafficking in persons.”.
(c) Effective date.—The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.