No Tax Deductions for Workplace Harasser Buyouts Act

No Tax Deductions for Workplace Harasser Buyouts Act

This bill modifies the tax deduction for trade or business expenses to deny a deduction for payments made to any employee in connection with the termination of employment if a factor in the termination was sexual assault, sexual harassment, sexual misconduct, or workplace harassment based on race, color, national origin, religion, sex, disability, or other specified factors.

Bill 117 hr 8619, also known as the No Tax Deductions for Workplace Harasser Buyouts Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to prevent companies from receiving tax deductions for payments made to employees who have been accused of harassment in the workplace.

The bill aims to address the issue of companies using buyouts or settlements to resolve harassment claims without holding the perpetrators accountable. By disallowing tax deductions for these payments, the bill seeks to discourage companies from engaging in this practice and instead encourage them to take appropriate action to address and prevent workplace harassment.

If passed, the No Tax Deductions for Workplace Harasser Buyouts Act would have implications for both companies and individuals involved in harassment cases. Companies would no longer be able to write off these payments as business expenses, potentially leading to increased financial accountability and transparency in addressing workplace harassment. Individuals who have experienced harassment would also benefit from greater accountability and potentially more effective measures to address and prevent harassment in the workplace. Overall, the No Tax Deductions for Workplace Harasser Buyouts Act represents a step towards promoting a safer and more equitable work environment by holding companies accountable for addressing workplace harassment.