Bill > S3459

This bill, the End Double Taxation of Successful Consumer Claims Act, amends the Internal Revenue Code of 1986 to allow an above-the-line deduction for attorney fees and costs incurred in connection with consumer claim awards. The bill defines a "consumer protection violation" broadly to include a wide range of unlawful acts under various federal consumer protection laws, such as the Truth in Lending Act, the Fair Credit Reporting Act, and the Fair Debt Collection Practices Act. The amendments made by this bill would apply to attorney fees and court costs paid during taxable years ending after the date of enactment, with respect to any judgment or settlement occurring during such taxable years.