[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4748 Introduced in House (IH)]

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115th CONGRESS
  2d Session
                                H. R. 4748

  To amend the Internal Revenue Code of 1986 to deny a deduction for 
     severance payments made in connection with sexual misconduct.


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                    IN THE HOUSE OF REPRESENTATIVES

                            January 9, 2018

 Mrs. Carolyn B. Maloney of New York (for herself, Mr. Espaillat, Mrs. 
    Demings, Ms. Norton, Mr. Suozzi, and Mr. Khanna) introduced the 
 following bill; which was referred to the Committee on Ways and Means

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                                 A BILL


 
  To amend the Internal Revenue Code of 1986 to deny a deduction for 
     severance payments made in connection with sexual misconduct.

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

SECTION 1. DENIAL OF DEDUCTION FOR SEVERANCE PAYMENTS MADE IN 
              CONNECTION WITH SEXUAL MISCONDUCT.

    (a) In General.--Section 162 of the Internal Revenue Code of 1986 
is amended by redesignating subsection (q) as subsection (r) and by 
inserting after subsection (p) the following new subsection:
    ``(q) Denial of Deduction for Severance Payments Made in Connection 
With Sexual Misconduct.--No deduction shall be allowed under this 
chapter for any amount paid or incurred to any employee in connection 
with the termination of employment of such employee if a factor in such 
termination was sexual assault, sexual harassment, or any other sexual 
misconduct by such employee.''.
    (b) Effective Date.--The amendments made by this section shall 
apply to amounts paid or incurred in taxable years ending after the 
date of the enactment of this Act.
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