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.
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Timeline
Introduced in House
Referred to the House Committee on Ways and Means.
Introduced in House
Referred to the House Committee on Ways and Means.
Taxation
No Taxpayer Bailout for Defamation Act
USA118th CongressHR-4397| House
| Updated: 6/30/2023
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.