3.0.0 3892 2023-01-11T13:21:22Z 2023-01-11T13:21:22Z Senate S S 2010-09-29 111 ssfi00 Finance Committee Senate Standing Referred to 2010-09-29T21:18:08Z Wrongful Convictions Tax Relief Act of 2010 111 4743 HR 2010-03-03 Referred to the House Committee on Ways and Means. Identical bill CRS 2010-09-29 ssfi00 Finance Committee Senate Read twice and referred to the Committee on Finance. IntroReferral 2010-09-29 Introduced in Senate IntroReferral 10000 9 Library of Congress S000148 Sen. Schumer, Charles E. [D-NY] Charles Schumer D NY E. N C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2010-09-29 True Taxation Correctional facilities and imprisonment Employment taxes Government liability Income tax credits Income tax exclusion Taxation 00 2010-09-29 Introduced in Senate 2010-10-21T21:34:38Z Wrongful Convictions Tax Relief Act of 2010 - Amends the Internal Revenue Code to allow wrongfully incarcerated individuals: (1) an exclusion from gross income for compensation received relating to their incarceration and for the first $50,000 of annual income received by such an individual after December 31, 2009; and (2) a refundable tax credit for 50% of payroll taxes on employment and self-employment income, up to $50,000 of such income. Limits the duration of such tax benefits to the lesser of 15 years or the number of years such an individual was incarcerated.

Defines "wrongfully incarcerated individual" as an individual who was convicted of a criminal offense and was then pardoned or found not guilty of such offense because of innocence after serving all or a portion of a prison term. Disqualifies individuals with prior convictions punishable by more than one year of imprisonment.

]]> Wrongful Convictions Tax Relief Act of 2010 Display Title Wrongful Convictions Tax Relief Act of 2010 Official Title as Introduced A bill to amend the Internal Revenue Code of 1986 to provide tax benefits to individuals who have been wrongfully incarcerated. Introduced in Senate IS Short Titles as Introduced Wrongful Convictions Tax Relief Act of 2010 Introduced in Senate 2010-09-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-111s3892is/xml/BILLS-111s3892is.xml 2010-09-29 Read twice and referred to the Committee on Finance. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.