Human Trafficking Survivor Tax Relief Act

Hozzl · 2022-12-30T03:33:58Z

Explore the details of House Bill 6389 Human Trafficking Survivor Tax Relief Act currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Taxation. Stay informed on legislative developments.

12/30/2022, 3:33 AM

Summary of Bill HR 6389

Bill 117 HR 6389, also known as the Human Trafficking Survivor Tax Relief Act, is a piece of legislation introduced in the US Congress. The purpose of this bill is to provide tax relief to survivors of human trafficking.

The bill aims to address the financial burden that survivors of human trafficking often face by exempting them from paying federal income tax on restitution payments they receive as a result of their trafficking experience. This exemption would apply to any restitution payments received on or after the date of enactment of the bill.

Additionally, the bill includes provisions to ensure that survivors are not penalized for receiving restitution payments by losing access to federal benefits such as Medicaid or Supplemental Security Income. It also requires the Secretary of the Treasury to provide guidance to survivors on how to properly report restitution payments on their tax returns. Overall, the Human Trafficking Survivor Tax Relief Act seeks to provide much-needed financial support to survivors of human trafficking and ensure that they are not burdened by tax obligations on restitution payments they receive.

Congressional Summary of HR 6389

Human Trafficking Survivor Tax Relief Act

This bill excludes from gross income, for income tax purposes, any civil damages, restitution, or other monetary award (including compensatory or statutory damages and restitution imposed in a criminal matter) awarded pursuant to an order of mandatory restitution or in a criminal proceeding for peonage, slavery, or human trafficking.

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Current Status of Bill HR 6389

Bill HR 6389 is currently in the status of Bill Introduced since January 12, 2022. Bill HR 6389 was introduced during Congress 117 and was introduced to the House on January 12, 2022. Bill HR 6389's most recent activity was Referred to the House Committee on Ways and Means. as of January 12, 2022

Bipartisan Support of Bill HR 6389

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Unaffiliated Sponsors

Total Number of Cosponsors

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Policy Area and Potential Impact of Bill HR 6389

Primary Policy Focus

Taxation

Alternate Title(s) of Bill HR 6389

Human Trafficking Survivor Tax Relief Act

To amend the Internal Revenue Code of 1986 to provide an exemption from gross income for mandatory restitution or civil damages as recompense for trafficking in persons.