[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 3507 Introduced in Senate (IS)]

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114th CONGRESS
  2d Session
                                S. 3507

  To extend the waiver of limitations with respect to excluding from 
 gross income amounts received by wrongfully incarcerated individuals.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            December 6, 2016

  Mr. Cornyn introduced the following bill; which was read twice and 
                  referred to the Committee on Finance

_______________________________________________________________________

                                 A BILL


 
  To extend the waiver of limitations with respect to excluding from 
 gross income amounts received by wrongfully incarcerated individuals.

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

SECTION 1. EXTENSION OF WAIVER OF LIMITATIONS WITH RESPECT TO EXCLUDING 
              FROM GROSS INCOME AMOUNTS RECEIVED BY WRONGFULLY 
              INCARCERATED INDIVIDUALS.

    (a) In General.--Section 304(d) of the Protecting Americans from 
Tax Hikes Act of 2015 is amended by striking ``1-year'' and inserting 
``2-year''.
    (b) Technical Correction.--Section 304(d) of such Act is amended by 
striking ``application of this Act'' and inserting ``application of 
this section''.
    (c) Effective Date.--The amendments made by this section shall take 
effect as if included in section 304 of the Protecting Americans from 
Tax Hikes Act of 2015.
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