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.

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Bill Number

HR 2229

Introduced

Jun 19, 2001

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Damages Families Income tax Law Parents Personal income tax Tax rates Taxation Torts

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Summary

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

Actions

Jun 19, 2001

Referred to the House Committee on Ways and Means.
Jun 19, 2001

Introduced in House

Amendments

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