To amend the Internal Revenue Code of 1986 to deny tax deductions for certain settlements paid in connection with defamation.
No Taxpayer Bailout for Defamation Act
This bill denies a tax deduction for any settlement or payment related to defamation (intentional damage to an individual's good reputation) if the taxpayer has admitted to guilt or culpability or for attorney's fees related to such settlement or payment.
Introduced in House
Introduced in House
Referred to the House Committee on Ways and Means.
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