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H. Rept. 119-599 1 (2026-04-09)

handle is hein.congrecreports/crptxaifl0001 and id is 1 raw text is: AUTHENTICATED r U.S. GOVERNMENT INFORMATION 4 119TH CONGRESS REPORT 2d Session J HOUSE OF REPRESENTATIVES 119-599 SURVIVOR JUSTICE TAX PREVENTION ACT APRIL 9, 2026.-Committed to the Committee of the Whole House on the State of the Union and ordered to be printed Mr. SMITH of Missouri, from the Committee on Ways and Means, submitted the following REPORT [To accompany H.R. 2347] The Committee on Ways and Means, to whom was referred the bill (H.R. 2347) to amend the Internal Revenue Code of 1986 to ex- clude from gross income any damages, other than punitive dam- ages, received on account of any sexual acts or sexual contact, hav- ing considered the same, reports favorably thereon with an amend- ment and recommends that the bill as amended do pass. CONTENTS Page I. SUMMARY AND BACKGROUND ................................................................. 2 A. Purpose and Sum m ary .................................................................... 2 B. Background and Need for Legislation .................... 3 C . Legislative H istory ........................................................................... 3 D . D esignated H earing ......................................................................... 3 II. EXPLANATION OF THE BILL ..................................................................... 3 A. Taxation of Compensation for Injuries or Sickness ....................... 3 III. VOTE OF THE COM M ITTEE ........................................................................ 5 IV. BUDGET EFFECTS OF THE BILL ............................................................... 6 A. Committee Estimate of Budgetary Effects ................. 6 B. Statement Regarding New Budget Authority and Tax Expendi- tures Budget Authority .................................................................. 6 C. Cost Estimate Prepared by the Congressional Budget Office ...... 6 V. OTHER MATTERS TO BE DISCUSSED UNDER THE RULES OF THE H O U SE .......................................................................................................... 6 A. Committee Oversight Findings and Recommendations ................ 6 B. Statement of General Performance Goals and Objectives ............ 6 C. Applicability of House Rule XXI, Clause 5(b) ................ 7 D. Information Relating to Unfunded Mandates ............... 7 E. Congressional Earmarks, Limited Tax Benefits, and Limited Tariff B enefits ................................................................................. 7 F. Duplication of Federal Programs .................................................... 7 G. Tax Com plexity Analysis ................................................................. 7 VI. CHANGES IN EXISTING LAW MADE BY THE BILL, AS REPORTED 8 69-006