Victims of Anthrax Tax Relief Act of 2001

Victims of Anthrax Tax Relief Act of 2001 - Amends the Internal Revenue Code to modify the tax treatment of any individual who died as a result of the anthrax attacks on or after September 11, 2001, and before January 1, 2002 with regard to income, employment, and estate taxes.

Treats as exempt payments made by charitable organizations by reason of such deaths.

Excludes from gross income amounts from the discharge of indebtedness as a result of such deaths.