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United States · Bill · HR

H.R. 5732 (97th)

Periodic Payment Settlement Act of 1981

openUnited States· United States Congress· EN

Introduced

4 March 1982

Last action

—

Status

Subcommittee Hearings Held.

Sponsors

—

Subjects

Discovery layer

Source updated

29 August 2025

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Summary

Periodic Payment Settlement Act of 1981 - Amends the Internal Revenue Code to provide for an income tax exclusion of periodic payments of damages received on account of personal injury or sickness, whether paid by the individual originally liable for such damages or his assignee. Allows such assignee a business expense deduction for the payment of such damages.

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Documents

1 official file

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