To amend the Internal Revenue Code of 1986 to provide that the deduction for certain attorney fees shall be fully allowable in computing both taxable income and alternative minimum taxable income.

Summary

Amends the Internal Revenue Code to exempt from the limitation on miscellaneous itemized tax deductions (i.e., only expenses in excess of two percent of adjusted gross income are deductible) any deduction for attorney fees paid by or on behalf of a taxpayer in connection with damages from a lawsuit or settlement agreement received by such taxpayer.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 7 October 2005

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 7 October 2005

   Introduced

   Sponsor introductory remarks on measure. (CR E2054-2055)

   Source: IntroReferral

3. 7 October 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 7 October 2005

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 7 October 2005 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 7 October 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 7 October 2005

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 7 October 2005

  Open at official source

Sponsors

• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← To amend the Internal Revenue Code of 1986 to provide that the deduction for certain flood-related attorney fees shall be fully allowable in computing both taxable income and alternative minimum taxable income.