An act to amend the Internal Revenue Code of 1954 with respect to the tax treatment of periodic payments for damages received on account of personal injury or sickness, and for other purposes.

Summary

Periodic Payment Settlement Act of 1982 - 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

8 official files

• Public Law (PDF)

  Public Law · EN · 15 January 1983

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• Conference report filed in House

  summary · EN · 21 December 1982

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• House agreed to Senate amendment with amendment

  summary · EN · 13 December 1982

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• Passed Senate amended

  summary · EN · 1 October 1982

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• Reported to Senate with amendment(s)

  summary · EN · 1 October 1982

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• Passed House amended

  summary · EN · 20 September 1982

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• Reported to House with amendment(s)

  summary · EN · 16 September 1982

  Open at official source

• Introduced in House

  summary · EN · 8 February 1982

  Open at official source

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