Bill > HR7171

This bill, the End Double Taxation of Successful Consumer Claims Act, allows a deduction from gross income (an "above-the-line" deduction) for attorney fees and court costs incurred in connection with a successful consumer protection claim. The bill defines a "consumer protection violation" broadly, covering a wide range of federal laws, as well as state and local laws, that regulate consumer transactions and protect consumers from unfair, deceptive, or abusive practices. The amendments made by this bill apply to attorney fees and court costs paid during taxable years ending after the date of the bill's enactment, with respect to any judgment or settlement occurring during such taxable years.