[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1829 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 1829

  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

                             March 18, 2019

  Mrs. Carolyn B. Maloney of New York 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 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. SHORT TITLE.

    This Act may be cited as the ``No Tax Deductions for Sexual 
Harasser Buyouts Act''.

SEC. 2. 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 (s) as subsection (t) and by 
inserting after subsection (r) the following new subsection:
    ``(s) 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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