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End Double Taxation of Successful Consumer Claims Act
2/8/2022, 11:16 PM
Congressional Summary of HR 7171
End Double Taxation of Successful Consumer Claims Act
This bill allows a deduction from gross income (above-the-line deduction) for attorney fees and court costs in connection with a claim of a consumer protection violation.
Read the Full Bill
Current Status of Bill HR 7171
Bill HR 7171 is currently in the status of Bill Introduced since June 11, 2020. Bill HR 7171 was introduced during Congress 116 and was introduced to the House on June 11, 2020. Bill HR 7171's most recent activity was Referred to the House Committee on Ways and Means. as of June 11, 2020
Bipartisan Support of Bill HR 7171
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
1Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7171
Primary Policy Focus
TaxationPotential Impact Areas
- Business ethics
- Civil actions and liability
- Consumer affairs
- Consumer credit
- Income tax deductions
- Legal fees and court costs
Alternate Title(s) of Bill HR 7171
End Double Taxation of Successful Consumer Claims Act
To amend the Internal Revenue Code of 1986 to allow an above-the-line deduction for attorney fees and costs in connection with consumer claim awards.
End Double Taxation of Successful Consumer Claims Act
Comments
Sponsors and Cosponsors of HR 7171
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