,i  #aahth ,,congress  #ast ,session    
,h4 ,r4 #dcig  ,,in ,,the ,,house ,,of  
,,representatives  ,june #cj1 #bjbc,mr4 
,boyle of ,pennsylvania introduced the  
following bill2 which was referred to   
the ,committee on ,ways and ,means  ,a  
,,bill  ,to amend the ,internal ,revenue
 ,code of #aihf to deny tax deductions  
for certain settlements paid in         
connection with defamation4  #a4 ,short 
title ,this ,act may be cited as the ,no
 ,taxpayer ,bailout for ,defamation     
,act4  #b4 ,denial of deduction for     
certain settlements paid in connection  
with defamation  7a7 ,denial of         
deduction ,section #afb of the ,internal
 ,revenue ,code of #aihf is amended by  
redesignating subsection 7s7 as         
subsection 7t7 and by inserting after   
subsection 7r7 the following new        
subsection3  7s7 ,certain payments      
related to defamation ,no deduction     
shall be allowed under this chapter     
for-- 7#a7 any settlement or payment    
related to defamation if the taxpayer   

has admitted to guilt or culpability    
with respect to such settlement or      
payment1 or  7#b7 attorney's fees       
related to such settlement or payment4  
4  7b7 ,effective date ,the amendment   
made by this section shall apply to     
payments in taxable years beginning     
after ,december #ca1 #bjbb4