skip to main content

S. 3504 (115th): Human Trafficking Survivor Tax Relief Act

The text of the bill below is as of Sep 26, 2018 (Introduced).


II

115th CONGRESS

2d Session

S. 3504

IN THE SENATE OF THE UNITED STATES

September 26, 2018

(for himself and Mr. Wyden) 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 provide an exemption from gross income for civil damages as recompense for trafficking in persons.

1.

Short title

This Act may be cited as the Human Trafficking Survivor Tax Relief Act.

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:

139H.

Certain amount received as civil damages as recompense for trafficking in persons

(a)

Exclusion from gross income

Gross income shall not include any civil damages, restitution, or other monetary award (including compensatory or statutory damages and restitution imposed in a criminal matter) awarded in an action under section 1595 of title 18, United States Code.

.

(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.