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- H.R.4040
H.R.4040: To amend the Internal Revenue Code of 1986 to provide that the deduction for certain attorney fees shall be fully allowable in computing both taxable income and alternative minimum taxable income.
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about taxation
- Introduced Oct. 7, 2005
- Latest Major Action Oct. 7, 2005
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code to exempt from the limitation on miscellaneous itemized tax deductions (i.e., only expenses in excess of two percent of adjusted gross income are deductible) any deduction for attorney fees paid by or on behalf of a taxpayer in connection with damages from a lawsuit or settlement agreement received by such taxpayer.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| Oct. 7, 2005 |
Introduced in the House by Wally Herger (R-Calif.) |