H.R. 5732 (97th): Periodic Payment Settlement Act of 1981

Introduced:
Mar 04, 1982 (97th Congress, 1981–1982)
Sponsor:
Rep. Kenneth Holland [D-SC5]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on March 4, 1982, in a previous session of Congress, but was not enacted.

Progress
Introduced Mar 04, 1982
Cosponsors
none
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

A bill to amend the Internal Revenue Code of 1954 to insure periodic payments for damages received on account of personal injuries or sickness, and for other purposes.

Summary

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Text

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Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

3/4/1982--Introduced.
Periodic Payment Settlement Act of 1981 - Amends the Internal Revenue Code to provide for an income tax exclusion of periodic payments of damages received on account of personal injury or sickness, whether paid by the individual originally liable for such damages or his assignee. Allows such assignee a business expense deduction for the payment of such damages.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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