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July 15, 2009

Bipartisan Civil Rights Tax Relief Act Is Reintroduced

he Civil Rights Tax Relief Act (CRTRA), HR.3035/S.1360, a bill that would exclude compensatory damages in employment and civil rights cases from the definition of gross income for income tax purposes, has been reintroduced in the House and Senate. The bill also would permit income-averaging for back pay received in a lump sum as a remedy. The legislation was introduced on June 26 by Reps. John Lewis (D-Ga) and James Sensenbrenner (R-Wisc) in the House, and by Sens. Jeff Bingaman (D-NM) and Susan Collins (R-Me) in the Senate.
Though this Bill has not gotten much press, I expect that it will eventually pass.

Mitchell H. Rubinstein

July 15, 2009 in Legislation | Permalink

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