[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[S. 2577 Introduced in Senate (IS)]







107th CONGRESS
  2d Session
                                S. 2577

      To repeal the sunset of the Economic Growth and Tax Relief 
 Reconciliation Act of 2001 with respect to the exclusion from Federal 
   income tax for restitution received by victims of the Nazi Regime.


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                   IN THE SENATE OF THE UNITED STATES

                              June 4, 2002

Mr. Fitzgerald (for himself, Mr. Schumer, Mr. DeWine, Mr. Bingaman, Ms. 
     Collins, Mr. Nelson of Florida, Mr. McCain, Mr. Jeffords, Mr. 
Torricelli, and Mrs. Clinton) introduced the following bill; which was 
          read twice and referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
      To repeal the sunset of the Economic Growth and Tax Relief 
 Reconciliation Act of 2001 with respect to the exclusion from Federal 
   income tax for restitution received by victims of the Nazi Regime.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Holocaust Restitution Tax Fairness 
Act of 2002''.

SEC. 2. REPEAL OF APPLICABILITY OF SUNSET OF THE ECONOMIC GROWTH AND 
              TAX RELIEF RECONCILIATION ACT OF 2001 WITH RESPECT TO 
              EXCLUSION FROM FEDERAL INCOME TAX FOR RESTITUTION 
              RECEIVED BY VICTIMS OF NAZI REGIME.

    Section 901 of the Economic Growth and Tax Relief Reconciliation 
Act of 2001 is amended by adding at the end the following new 
subsection:
    ``(c) Exception.--Subsection (a) shall not apply to section 803 
(relating to no federal income tax on restitution received by victims 
of the Nazi regime or their heirs or estates).''.
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