S 3459
End Double Taxation of Successful Consumer Claims Act
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Bill overview
This bill, the End Double Taxation of Successful Consumer Claims Act, aims to allow consumers who win legal claims for consumer protection violations to deduct their attorney fees and court costs from their income. Specifically, it amends the Internal Revenue Code to define ‘consumer protection violation’ more broadly, encompassing a wide range of federal and state laws designed to protect consumers. The deduction would apply to expenses related to judgments and settlements obtained during taxable years after the bill’s enactment.
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