Survivor Justice Tax Prevention Act
Survivor Justice Tax Prevention Act
Plain Language Summary
# Survivor Justice Tax Prevention Act Summary **What the Bill Would Do:** The Survivor Justice Tax Prevention Act (HR 2347) is a proposed bill that addresses tax treatment for settlement payments received by survivors in legal cases. While the bill's full details aren't specified in the available information, the title suggests it would prevent certain tax obligations on settlement money awarded to survivors in court cases or legal proceedings. This would likely allow survivors to keep more of their settlement payments without federal income tax withholding. **Who It Affects:** The bill would primarily benefit individuals who receive settlement payments from legal cases, potentially including survivors of abuse, discrimination, personal injuries, or other civil matters.
It could affect the federal government's tax revenue, as fewer settlement payments would be subject to taxation. **Current Status:** As of now, HR 2347 remains "in committee," meaning it has been referred to a congressional committee but has not yet been debated or voted on by the full House of Representatives. The bill was introduced by Representative Lloyd Smucker (R-PA) in the current 119th Congress. For more specific details about the bill's exact provisions, you can view the full text on Congress.gov.
Latest Action
Referred to the House Committee on Ways and Means.