A bill to amend the Internal Revenue Code of 1986 to allow the deduction of attorney-advanced expenses and court costs in contingency fee cases.

Fact Sheet API

Bill Number

S 814

Introduced

Mar 8, 2007

Latest Action

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2909)

Sponsor

Cosponsors

Topics

Civil actions and liability Income tax Law Lawyers Legal fees Tax deductions Taxation

Full Text

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Votes

Summary

Amends the Internal Revenue Code to allow attorneys a tax deduction in the current taxable year for reimbursable expenses and court costs which they pay or incur in connection with contingency fee cases.

Actions

Mar 8, 2007

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2909)
Mar 8, 2007

Sponsor introductory remarks on measure. (CR S2908-2909)
Mar 8, 2007

Introduced in Senate

Amendments

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