,,ii  #aai? ,,congress  #b;d ,session   
,s4 #chag  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,febru>y #aj1 #bjbf,mr4
 ,wyd5 7= himself1 ,mr4 ,s*um]1 ,mr4    
,lujn1 & ,mr4 ,wel*7 introduc$ ! foll[+ 
bill2 :i* 0 read twice & ref]r$ to !    
,committee on ,f9ance  ,a ,,bill  ,to   
am5d ! ,int]nal ,rev5ue ,code ( #aihf to
 impose a tax on damages receiv$ by     
c]ta9 (fic]s ( ! ,unit$ ,/ates on acc\nt
 ( any civil action fil$ aga9/ ! ,unit$ 
,/ates1 & = o!r purposes4  #a4 ,%ort    
title ,?is ,act may be cit$ z ! ,/op    
,presid5tial ,embezzlem5t ,act4  #b4    
,imposition ( tax on damages receiv$ by 
! ,presid5t ( ! ,unit$ ,/ates on acc\nt 
( civil action fil$ aga9/ ! ,unit$      
,/ates  7a7 ,9 g5]al ,subtitle ,d ( !   
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by add+ at ! end ! foll[+ new *apt]3    
#ej;,b ,c]ta9 civil damages receiv$ by  
c]ta9 (fic]s ( ! ,unit$ ,/ates  ,sec4   
#ejjj;,e4 ,imposition ( tax on damages  
receiv$ on acc\nt ( civil action fil$   
aga9/ ! ,unit$ ,/ates4  #ejjj;,e4       

,imposition ( tax on damages receiv$ on 
acc\nt ( civil action fil$ aga9/ !      
,unit$ ,/ates  7a7 ,9 g5]al ,!re is     
h]eby impos$ on ea* cov]$ p]son = any   
taxable ye> a tax equal to #ajj p]c5t ( 
! qualifi$ civil action am\nt receiv$ by
 su* p]son dur+ su* taxable ye>4  7b7   
,cov]$ p]son ,= purposes ( ?is section--
 7#a7 ,9 g5]al ,! t]m cov]$ p]son       
means-- 7,a7 any individual :o has s]v$ 
9 a position describ$ 9 p>agraph 7#b71 &
  7,b7 any p]son relat$ 7)9 ! mean+ (   
section #bfg7;b77 to a p]son describ$ 9 
subp>agraph 7,a74  7#b7 ,position       
describ$ ,! positions describ$ 9 ?is    
p>agraph are ! foll[+3 7,a7 ,presid5t ( 
! ,unit$ ,/ates4  7,b7 ,vice ,presid5t (
 ! ,unit$ ,/ates4  7,c7 ,any position at
 level ,i ( ! ,executive ,s*$ule "u     
section #ecab ( title #e1 ,unit$ ,/ates 
,code4  7,d7 ,memb] ( ,congress 7includ+
 any ,delegate & ,resid5t ,commission]74
  7c7 ,qualifi$ civil action am\nt ,=   
purposes ( ?is section-- 7#a7 ,9 g5]al  
,! t]m qualifi$ civil action am\nt      

means1 ) respect to any cov]$ p]son dur+
 any taxable ye>1 ! aggregate am\nt (   
damages receiv$ by su* p]son dur+ su*   
taxable ye> 7:e!r by settlem5t1 v]dict1 
judgm5t1 or o!rwise7 on acc\nt ( any    
civil action-- 7,a7 fil$ by su* p]son   
aga9/ ! ,unit$ ,/ates 7or any ag5cy or  
in/rum5tality !re(71 &  7,b7 ) respect  
to :i* ! fil+ or settlem5t (1 or        
issuance ( a v]dict or judgm5t =1       
occurr$ dur+ ! applicable p]iod4  7#b7  
,applicable p]iod ,! t]m applicable     
p]iod means1 ) respect to any cov]$     
p]son1 ! p]iod ( "t-- 7,a7 beg9n+ ) !   
date on :i* ! individual describ$ 9     
subsection 7b77#a77;,a7 began s]v+ 9 a  
position describ$ 9 subsection          
7b77#b77;,a71 &  7,b7 end+ ) ! date on  
:i* su* individual ceas$ to s]ve 9 any  
position describ$ 9 subsection          
7b77#b77;,a74  7d7 ,special rules  7#a7 
,adm9i/rative provisions ,= purposes (  
subtitle ,f1 any tax impos$ by ?is      
section %all be treat$ z a tax impos$ by
 subtitle ,a4  7#b7 ,exclusion f gross  

income ,= purposes ( *apt] #a1 ! gross  
income ( any cov]$ p]son = any taxable  
ye> %all n include any qualifi$ civil   
action am\nt receiv$ by su* p]son dur+  
su* taxable ye>4  4  7b7 ,no d$uction f 
income tax ,section #bge7;a77#f7 ( !    
,int]nal ,rev5ue ,code ( #aihf is am5d$ 
by ins]t+ #ej;,b1 aft] #ej;,a14  7c7    
,cl]ical am5dm5t ,! table ( *apt]s =    
subtitle ,d ( ! ,int]nal ,rev5ue ,code (
 #aihf is am5d$ by ins]t+ aft] ! item   
relat+ to *apt] #ej;,a ! foll[+ new     
item3  ,*apt] #ej;,b--,c]ta9 civil      
damages receiv$ by c]ta9 (fic]s ( !     
,unit$ ,/ates  4  7d7 ,effective date ,!
 am5dm5ts made by ?is section %all apply
 ) respect to am\nts receiv$ aft] ! date
 ( ! enactm5t ( ?is ,act4