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United States · Bill · HR

H.R. 4846 (103rd)

To amend the Internal Revenue Code of 1986 to provide that the unearned income of children attributable to personal injury awards shall not be taxed at the marginal rate of the parents.

referredUnited States· United States Congress· EN

Introduced

28 July 1994

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code, with respect to situations in which unearned income of a minor child is taxed as if it were parental income, to not take into account any income attributable to an amount excluded from the gross income of the child by reason of the child receiving a personal injury award.

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Documents

3 official files

Introduced in House (text)

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Sources

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