To amend the Internal Revenue Code of 1986 to impose a tax on specified settlement fund payments, and for other purposes.
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Summary
Based on the bill's title, this legislation would amend the Internal Revenue Code to impose a new federal tax on payments made from specified settlement funds. The bill's specific provisions, scope, and implementation mechanisms are not available from the title alone. The bill has been referred to the House Committee on Ways and Means for consideration.
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How your representatives voted
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