,,ii  #aah? ,,congress  #a/ ,session    
,s4 #beej  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,july #bf1 #bjbc,mr4   
,:iteh\se introduc$ ! foll[+ bill2 :i* 0
 read twice & ref]r$ to ! ,committee on 
,f9ance  ,a ,,bill  ,to am5d ! ,int]nal 
,rev5ue ,code ( #aihf to disall[        
d$uctions = c]ta9 paym5ts relat+ to     
defamation suits4  #a4 ,%ort title ,?is 
,act may be cit$ z ! ,d5y+ ,exp5ditures 
= ,false ,accusations ) ,malici\s       
,effect 7,,defame7 ,act4  #b4           
,disall[ance ( d$uction = c]ta9 paym5ts 
relat+ to defamation suits  7a7 ,9 g5]al
 ,section #afb is am5d$ by ins]t+ aft]  
subsection 7h7 ! foll[+ new subsection3 
7i7 ,c]ta9 paym5ts relat+ to defamation 
lawsuits  7#a7 ,9 g5]al ,9 ! case ( an  
applicable corporation1 no d$uction     
o!rwise all[able %all be all[$ "u ?is   
*apt] = any nond$uctible defamation     
paym5t4  7#b7 ,applicable corporation ,=
 purposes ( ?is subsection1 ! t]m       
applicable corporation means any        
corporation = :i* ! gross income = !    

prec$+ taxable ye> exce$s               
#aj1jjj1jjj1jjj4  7#c7 ,nond$uctible    
defamation paym5t ,= purposes ( ?is     
subsection-- 7,a7 ,9 g5]al ,! t]m       
nond$uctible defamation paym5t means--  
7i7 any applicable defamation suit      
paym5t1  7ii7 any paym5t = attorneys'   
fees 9 connection ) a suit = :i* an     
applicable defamation suit paym5t 0     
made1 &  7iii7 s mu* ( any paym5t ( an  
insurance premium :i* is 9 excess ( !   
am\nt ( su* premium det]m9$ )\t reg>d to
 any suit = :i* an applicable defamation
 suit paym5t 0 made4  7,b7 ,applicable  
defamation suit paym5t ,! t]m applicable
 defamation suit paym5t means any       
paym5t-- 7i7 :i* is made-- 7,i7 9       
connection ) a suit = defamation :i*    
requires pro( ( actual malice to succe$ 
on ! m]its1 &  7,,ii7 pursuant to a     
settlem5t or c\rt ord]1 &  7ii7 :i*1 :5 
aggregat$ ) all o!r paym5ts describ$ 9  
clause 7i7 ) respect to ! same suit1    
exce$s #ejj1jjj1jjj4  4  7b7 ,effective 
date ,! am5dm5t made by ?is section %all

 apply to paym5ts made aft] ,decemb]    
#ca1 #bjbb1 9 taxable ye>s end+ aft] su*
 date4