Bill > S3261

This bill aims to provide tax relief for survivors of human trafficking by amending the Internal Revenue Code to exempt certain monetary awards from federal income taxation. Specifically, the bill would exclude from gross income any civil damages, restitution, or other monetary awards received by trafficking survivors, whether those awards are granted through criminal restitution under Section 1593 or through civil action under Section 1595 of Title 18 of the United States Code. This means that survivors would not have to pay income tax on monetary compensation they receive as a result of being trafficked, which could include compensatory damages, statutory damages, or criminal restitution. The tax exemption would apply to taxable years beginning after the date of the bill's enactment, providing financial support and recognition of the harm experienced by human trafficking survivors. By removing the potential tax burden on these awards, the bill seeks to provide additional support and relief to individuals who have suffered from human trafficking.

Budget and Finance

https://www.congress.gov/bill/119th-congress/senate-bill/3261/all-info