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H.R. 1829: No Tax Deductions for Sexual Harasser Buyouts Act

The text of the bill below is as of Mar 18, 2019 (Introduced).


I

116th CONGRESS

1st Session

H. R. 1829

IN THE HOUSE OF REPRESENTATIVES

March 18, 2019

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 sexual misconduct.

1.

Short title

This Act may be cited as the No Tax Deductions for Sexual Harasser Buyouts Act.

2.

Denial of deduction for severance payments made in connection with sexual misconduct

(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 sexual misconduct

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 sexual assault, sexual harassment, or any other sexual misconduct by such employee.

.

(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.