Congress: 97 · Status: active · Israel/Palestine classification: neutral
Data (JSON) — machine-readable record of this bill (identifiers, sponsor, classification, actions, and the member-by-member vote breakdown).
Sponsor: Sen. Baucus, Max [D-MT] (D-MT)
Periodic Payment Settlement Act of 1981 - Amends the Internal Revenue Code to provide for an income tax exclusion of periodic payments of damages received on account of personal injury or sickness, whether paid by the individual originally liable for such damages or his assignee. Allows such assignee a business expense deduction for the payment of such damages.