A bill 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.

Bill 119 s 467, also known as the "Consumer Claim Tax Relief Act," is a proposed piece of legislation that aims to amend the Internal Revenue Code of 1986. The main purpose of this bill is to allow individuals to deduct attorney fees and costs associated with consumer claim awards from their taxes.

Currently, individuals who receive consumer claim awards are not able to deduct the attorney fees and costs they incur in the process. This bill seeks to change that by allowing for an above-the-line deduction, meaning that individuals can deduct these expenses from their gross income before calculating their adjusted gross income.

The bill is designed to provide relief to consumers who have been wronged by companies or individuals and have had to seek legal assistance to receive compensation. By allowing for these deductions, the bill aims to make it easier for individuals to seek justice and hold wrongdoers accountable without facing a heavy financial burden. Overall, Bill 119 s 467 is a bipartisan effort to provide tax relief to consumers who have been harmed and to ensure that they are able to fully benefit from any awards they receive. It is a step towards promoting fairness and justice in the legal system and protecting the rights of consumers.