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Tax Fairness for Survivors Act

Bill Number
S. 584
Origin Chamber
Senate
Congress
119th Congress, Session 1
Policy Area
Taxation
Status
Introduced
Latest Action
2025-02-13: Read twice and referred to the Committee on Finance.
Last Updated
2025-12-06T07:02:09Z

AI-Generated Summary

Purpose

The "Tax Fairness for Survivors Act" (S. 584) aims to provide tax relief to victims of sexual assault or sexual harassment by excluding compensation received from related legal claims from federal income taxes and certain payroll taxes. This ensures that survivors retain the full amount of judgments, awards, or settlements without tax burdens, promoting fairness in the tax code.

Key Provisions

Significant Changes to Existing Law

Under current law, most settlements, judgments, and awards (including those for emotional distress or punitive damages) are generally treated as taxable gross income, unless they fall under narrow exceptions (e.g., for physical injuries). This bill introduces a broad new exclusion specifically for sexual assault and harassment claims, removing them from income tax and specified payroll taxes. It expands beyond prior limited relief (like the 2017 Tax Cuts and Jobs Act's temporary exclusion for sexual harassment settlements, which required nondisclosure agreements and has since expired) by making the exclusion permanent, comprehensive, and independent of settlement terms like confidentiality clauses.

Potential Impacts

Main Stakeholders Affected

Notable Legal, Constitutional, or Political Implications

This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.

Sponsor

Sen. Gillibrand, Kirsten E. [D-NY]

Cosponsors (1)

Sen. Blackburn, Marsha [R-TN]

Recent Actions

Bill Versions

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