[Congressional Bills 110th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1274 Introduced in House (IH)]







110th CONGRESS
  1st Session
                                H. R. 1274

To amend the Internal Revenue Code of 1986 to exclude from gross income 
                 amounts awarded to qui tam plaintiffs.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             March 1, 2007

 Ms. Berkley introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 to exclude from gross income 
                 amounts awarded to qui tam plaintiffs.

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

SECTION 1. EXCLUSION OF AMOUNTS AWARDED TO QUI TAM PLAINTIFFS.

    (a) In General.--Part III of subchapter B of chapter 1 of the 
Internal Revenue Code of 1986 (relating to items specifically excluded 
from gross income) is amended by inserting after section 139A the 
following new section:

``SEC. 139B. AWARD TO QUI TAM PLAINTIFF.

    ``In the case of an individual, gross income does not include 
amounts awarded to such individual as a result of a qui tam action.''.
    (b) Clerical Amendment.--The table of sections for such part is 
amended by inserting after the item relating to section 139A the 
following new item:

``Sec. 139B. Award to qui tam plaintiff.''.
    (c) Extension of Period To File Amended Return.--Notwithstanding 
any other provision of law, an amended return made during the 3-year 
period beginning on the date of the enactment of this Act that includes 
the exclusion from gross income under section 139B of such Code in 
accordance with the amendment made by subsection (a) shall be treated 
as timely made for purposes of such Code.
    (d) Effective Date.--The amendments made by this section shall 
apply to amounts awarded to qui tam plaintiffs on or after January 1, 
2002.
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