Survivor Justice Tax Prevention Act

Progress

Timeline

• Mar 25Ordered to be Reported by the Yeas and Nays: 41 - 0.
• Mar 25Referred to the House Committee on Ways and Means.

Summary

**Bill Summary: HR 2347 - Survivor Justice Tax Prevention Act** This bill would change how certain legal settlements are taxed for survivors of crimes. **What it does:** The bill would make financial settlements awarded to crime victims tax-free at the federal level. This includes compensation received through lawsuits, victim compensation programs, and other legal remedies. **Who it affects:** Crime victims and survivors who receive monetary settlements or awards related to their victimization. This could include survivors of violent crimes, fraud, sexual assault, or other criminal acts. **What would change:** Currently, some victim settlements may be subject to federal income tax depending on how they're structured. If passed, survivors wouldn't have to pay federal taxes on money they receive as compensation for crimes committed against them. This would allow victims to keep the full amount of their settlements for recovery, medical expenses, and rebuilding their lives. The bill is currently in the introduction phase and would need Congressional approval to become law.

How This Affects You