No Tax Deductions for Workplace Harasser Buyouts Act

Hozzl · 2022-12-29T18:33:50Z

Explore the details of House Bill 8619 No Tax Deductions for Workplace Harasser Buyouts Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/29/2022, 6:33 PM

Summary of Bill HR 8619

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.

Congressional Summary of HR 8619

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.

Read the Full Bill

Formatted Text PDF Formatted XML

Current Status of Bill HR 8619

Bill HR 8619 is currently in the status of Bill Introduced since July 29, 2022. Bill HR 8619 was introduced during Congress 117 and was introduced to the House on July 29, 2022. Bill HR 8619's most recent activity was Referred to the House Committee on Ways and Means. as of July 29, 2022

Bipartisan Support of Bill HR 8619

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 8619

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 8619

No Tax Deductions for Workplace Harasser Buyouts ActNo Tax Deductions for Workplace Harasser Buyouts ActTo amend the Internal Revenue Code of 1986 to deny a deduction for severance payments made in connection with workplace harassment.

Start holding our government accountable!