Bill 119 hr 1306, also known as the "Survivors' Bill of Rights Act of 2021," aims to amend the Internal Revenue Code of 1986 to exclude from gross income any judgments, awards, and settlements related to sexual assault or sexual harassment claims. This means that individuals who receive financial compensation for these types of claims would not have to pay taxes on that money. The bill is designed to provide support and protection for survivors of sexual assault and harassment by ensuring that they are not financially burdened by taxes on any compensation they receive as a result of their experiences. This includes not only monetary awards from legal proceedings, but also settlements reached outside of court. In addition to excluding these types of compensation from gross income, the bill also includes provisions for the confidentiality of settlements and awards related to sexual assault and harassment claims. This is intended to protect the privacy and well-being of survivors, allowing them to seek justice without fear of public scrutiny. Overall, Bill 119 hr 1306 seeks to provide financial relief and support for survivors of sexual assault and harassment, while also promoting accountability and justice for those who commit these harmful acts.
Bill 119 hr 1306, also known as the "Survivors' Bill of Rights Act of 2021," aims to amend the Internal Revenue Code of 1986 to exclude from gross income any judgments, awards, and settlements related to sexual assault or sex...