[Congressional Bills 106th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1292 Introduced in House (IH)]







106th CONGRESS
  1st Session
                                H. R. 1292

   To provide that no Federal income tax shall be imposed on amounts 
             received by Holocaust victims or their heirs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 25, 1999

  Mr. Weller (for himself, Mr. Matsui, Mr. Porter, and Mr. Hayworth) 
 introduced the following bill; which was referred to the Committee on 
                             Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To provide that no Federal income tax shall be imposed on amounts 
             received by Holocaust victims or their heirs.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. NO FEDERAL INCOME TAX ON AMOUNTS RECEIVED BY HOLOCAUST 
              VICTIMS OR THEIR HEIRS.

    (a) In General.--For purposes of the Internal Revenue Code of 1986, 
gross income shall not include any amount received by an individual (or 
any heir of the individual) from any person as a result of any moral or 
legal injustice experienced by such individual as a Holocaust victim.
    (b) Holocaust Victim.--For purposes of this section, the term 
``Holocaust victim'' means any individual who was persecuted for racial 
or religious reasons by Nazi Germany or any other Axis regime as a 
result of the Holocaust.
    (c) Effective Date.--This section shall apply to any amount 
received before, on, or after the date of the enactment of this Act.
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