[Congressional Record Volume 153, Number 187 (Friday, December 7, 2007)]
[Senate]
[Page S15030]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
PASSAGE OF VIRGINIA TECH HOKIE SPIRIT MEMORIAL FUND
Mr. WARNER. Mr. President, today I pay tribute to the families who
lost loved ones and to those who suffered injuries as consequence of
the horrific shootings that claimed 32 innocent lives on April 16,
2007, on the campus of Virginia Tech. Having traveled to Virginia Tech
the day after the shootings, I joined with the families and campus
community in mourning. It is a memory that I carry with me to this day.
We all greatly admire the ability of those who lost loved ones, and
those who themselves were injured, to come together to support each
other.
In the aftermath of that tragic day, over 20,000 individuals and
groups across the country demonstrated their overwhelming support for
the victims and their families with generous financial donations that
totaled approximately $8.5 million. The Virginia Tech administration
established the Hokie Spirit Memorial Fund within the Virginia Tech
Foundation to accept these charitable contributions. Indeed, all of
America can take pride in this outpouring of sympathy and support.
On October 30, 2007, the University officially distributed these
funds to the 79 families and individuals in accordance with the
protocols established by the Fund. While no amount of money can truly
compensate for the loss of life or limb, these payments provide both
the families of the deceased and the injured survivors with some
financial resources to help, in some modest way.
Unfortunately, Federal law was not clear as to whether these payments
are subject to federal taxation. Congress recognized this uncertainty
and this week expeditiously passed clarifying legislation that I
sponsored in the Senate along with Senator Webb ensuring that these
payments are exempt from federal taxation. The House measure was
introduced by Representatives Boucher and Goodlatte. Having
overwhelmingly passed both Houses of Congress, the bill will now be
sent to the President with every expectation to be signed into law.
Passage of this legislation could not have occurred without the
support of several key groups. This October, family members and victims
came to Capitol Hill to discuss the tragic day of April 16 and ways we
could help prevent such events from taking place in the future. Later,
I learned of the plans to distribute payments from the Fund to these
families and victims. The administration of Virginia Tech along with
some family members shared with my office in a very solemn and
respectful manner the tax uncertainty associated with the Hokie Fund
payments. These same concerns were echoed by accountants in the
community who had volunteered their time to assist these families and
victims.
Having learned of this unfortunate tax predicament, my colleagues and
I in Congress responded accordingly with swift introduction and
consideration of legislation to ensure that we provide assistance to
the families and victims in overcoming this horrific tragedy. Members
and their staffs worked extremely hard to obtain speedy passage of this
legislation, and I rise today to thank everyone who made enactment of
this legislation possible.
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