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

Introduced:
Mar 04, 1982 (97th Congress, 1981–1982)
Status:
Died (Referred to Committee)
Sponsor
Kenneth Holland
Representative for South Carolina's 5th congressional district
Party
Democrat
Related Bills
S. 1934 (identical)

Referred to Committee
Last Action: Dec 10, 1981

H.R. 4356 (identical)

Referred to Committee
Last Action: Jul 31, 1981

 
Status

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

Progress
Introduced Mar 04, 1982
Referred to Committee Mar 04, 1982
 
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

No summaries available.

Cosponsors
none
Committees

House Ways and Means

Select Revenue Measures

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

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

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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