HR 4563: To amend the Internal Revenue Code of 1986 to exclude from gross income amounts received for settlement of certain claims of Holocaust survivors.

Congress: 105 · Status: active · Israel/Palestine classification: neutral

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Official record on Congress.gov — full text, actions, and cosponsor history for HR 4563.

Sponsor: McIntosh, David M. (R-IN)

Summary

Amends the Internal Revenue Code to exclude from gross income a Holocaust victims' settlement payment.

Editorial Explainer

This bill excludes Holocaust survivor settlement payments from federal taxable income. If a Holocaust survivor receives money from a settlement or judgment related to Nazi persecution, that amount would not count toward their gross income for tax purposes.

Why it matters

This bill concerns Holocaust reparations and the US tax code, not Israeli-Palestinian policy or US-Israel relations. It is classified neutral because it addresses WWII-era Nazi persecution claims and has no substantive connection to contemporary Middle East conflicts or congressional oversight of Israel/Palestine.

Cosponsors (31)