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End Double Taxation of Consumer Claim Awards

This bill aims to make it easier for individuals who win lawsuits or settle claims related to consumer protection violations. It allows attorney fees and costs associated with such cases to be deducted from taxable income, meaning you'll pay less tax on the compensation received. This ensures more of your award stays in your pocket.
Key points
Deductible Legal Costs: If you win a consumer case or reach a settlement, you can deduct attorney fees and other related costs from your taxable income.
Lower Taxes on Awards: This deduction means you will pay less tax on the money you receive as compensation for consumer protection violations.
Covers Various Cases: The changes apply to a wide range of consumer protection violations, including credit fraud, product issues, unfair trade practices, and more.
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Additional Information
Print number: 118_HR_6699
Sponsor: Rep. Horsford, Steven [D-NV-4]
Process start date: 2023-12-11
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

End Double Taxation of Successful Consumer Claims Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_6699.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-12-11.

What are the main provisions?

Key points include:

  • Deductible Legal Costs: If you win a consumer case or reach a settlement, you can deduct attorney fees and other related costs from your taxable income.
  • Lower Taxes on Awards: This deduction means you will pay less tax on the money you receive as compensation for consumer protection violations.
  • Covers Various Cases: The changes apply to a wide range of consumer protection violations, including credit fraud, product issues, unfair trade practices, and more.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Horsford, Steven [D-NV-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Courts and Law Economy