H.R. 4748 — Introduced in House

I 115th CONGRESS 2d Session H. R. 4748 IN THE HOUSE OF REPRESENTATIVES January 9, 2018Mrs. 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 A BILL To amend the Internal Revenue Code of 1986 to deny a deduction for severance payments made in connection with sexual misconduct. 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.