118th Congress · HOUSE BILLBILL

H.R. 4397 — No Taxpayer Bailout for Defamation Act

“To amend the Internal Revenue Code of 1986 to deny tax deductions for certain settlements paid in connection with defamation.”

Taxation

Introduced Jun 30, 2023

Last action Jun 30, 2023

Pipeline · Bill → Law

Step 1

Introduced

Jun 30, 2023

Step 2

Referred

Jun 30, 2023

Ways & Means

Step 3

Committee

Step 4

House floor

Step 5

Senate

Step 6

Resolve Changes

Step 7

Signed

SummaryCRS Summary

This bill denies a tax deduction for any settlement or payment related to defamation (intentional damage to an individual's good reputation) if the taxpayer has admitted to guilt or culpability or for attorney's fees related to such settlement or payment.

Provisions · 2 sectionsIntroduced in House

Timeline · 2 actions

Jun 30, 2023

Introduced in House

Jun 30, 2023

Referred to the House Committee on Ways and Means.