Periodic Payment Settlement Act of 1981

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.

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

Timeline

1. 10 December 1981

   Introduced

   Read second time and referred to Senate Committee on Finance.

   Source: IntroReferral

2. 10 December 1981

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 28 December 1981

   Committee

   Committee on Finance requested executive comment from OMB; Treasury Department; Labor Department; Health and Human Services Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 10 December 1981

  Open at official source

Sponsors

• Rep. Baucus, Max [D-MT-1] · D · Sponsor
• · ssfi00 · Standing

Related records

• related to → Periodic Payment Settlement Act of 1981
• related to → Periodic Payment Settlement Act of 1981