HR 4356 · 97th Congress · Taxation

Periodic Payment Settlement Act of 1981

Introduced 1981-07-31· Sponsored by Rep. Goldwater, Barry, Jr. [R-CA-20]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Subcommittee Hearings Held.(1982-06-14)

Plain Language Summary

[AI summary unavailable — showing source text] Periodic Payment Settlement Act of 1981 - Amends the Internal Revenue Code to provide for an income tax exclusion of periodic payments of damages received on account of personal injury or sickness, whether paid by the individual originally liable for such damages or his assignee. Allows such assignee a business expense deduction for the payment of such damages.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Republican
Rep. Rousselot, John H. [R-CA-26]CA