To amend the Internal Revenue Code of 1986 to provide for a 95 percent income tax rate on attorneys' fees paid in connection with the settlement (as part of the tobacco settlement agreement dated June 20, 1997) of any action maintained by a State.
Attorneys' Anti-enrichment Act of 1998 - Amends the Internal Revenue Code to impose a tax equal to 95 percent of the excess of: (1) an attorney's tobacco settlement-related fees; over (2) the deductions allocated to such fees. Appropriates to the States revenues generated by such tax.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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