Sens. Cornyn, Wyden Reintroduce Bill to Exempt Trafficking Survivors' Restitution From Federal Taxes
March 24, 2021
March 24, 2021
WASHINGTON, March 24 -- Sen. John Cornyn, R-Texas, issued the following news release on March 23, 2021:
U.S. Senator John Cornyn (R-TX) and Senate Finance Committee Chairman Ron Wyden (D-OR) today reintroduced their Human Trafficking Survivor Tax Relief Act, which would exempt civil damages, restitution, and other monetary awards given to human trafficking survivors from federal income taxes. It would also codify current Internal Revenue Service (IRS) guidance that makes restitution . . .
U.S. Senator John Cornyn (R-TX) and Senate Finance Committee Chairman Ron Wyden (D-OR) today reintroduced their Human Trafficking Survivor Tax Relief Act, which would exempt civil damages, restitution, and other monetary awards given to human trafficking survivors from federal income taxes. It would also codify current Internal Revenue Service (IRS) guidance that makes restitution . . .