S. 936 · 108th Congress
Government Settlement Transparency Act of 2003
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
BaucusSponsor3 cosponsors · 1 D, 2 R
2 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Government Settlement Transparency Act of 2003 - Amends the Internal Revenue Code to deny a business deduction for any amount paid or incurred (whether by suit, agreement, or otherwise) to, or at the direction of, a government or certain nongovernmental regulatory entities in relation to the violation, or potential violation, of any law.
What it does: CRS summary · Introduced in Senate · Apr 29, 2003
Provides an exception for any amount which the taxpayer establishes constitutes restitution for damage or harm caused by the violation, or potential violation, of any law. (Excludes any amount paid or incurred as reimbursement to the government for the costs of any investigation or litigation.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Government Settlement Transparency Act of 2003
Latest action (Apr 29, 2003): Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5488)
Policy area: Taxation · Origin: Senate · Introduced: Apr 29, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.