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.
Children's Personal Injury Awards Tax Equity Act - Amends Internal Revenue Code provisions governing situations in which unearned income of a minor child is taxed as if it were parental income. Excludes from income subject to the parental tax rate any earnings attributable to personal injury awards.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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