US Congress Senate Bill 3892 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on September 29 2010 - 25% progression, died in chamber
Action: 2010-09-29 - Read twice and referred to the Committee on Finance.
Text: Latest bill text (Introduced) [PDF]

Wrongful Convictions Tax Relief Act of 2010 - Amends the Internal Revenue Code to allow wrongfully incarcerated individuals: (1) an exclusion from gross income for compensation received relating to their incarceration and for the first $50,000 of annual income received by such an individual after December 31, 2009; and (2) a refundable tax credit for 50% of payroll taxes on employment and self-employment income, up to $50,000 of such income. Limits the duration of such tax benefits to the lesser of 15 years or the number of years such an individual was incarcerated. Defines "wrongfully incarcerated individual" as an individual who was convicted of a criminal offense and was then pardoned or found not guilty of such offense because of innocence after serving all or a portion of a prison term. Disqualifies individuals with prior convictions punishable by more than one year of imprisonment.

Wrongful Convictions Tax Relief Act of 2010

Sen. John Cornyn [R-TX]

Sen. Charles Schumer [D-NY]

Date	Chamber	Action
2010-09-29		Read twice and referred to the Committee on Finance.

HB4743 (Same As) 2010-03-03 - Referred to the House Committee on Ways and Means.

Type	Source
Summary	https://www.congress.gov/bill/111th-congress/senate-bill/3892/all-info
Text	https://www.congress.gov/111/bills/s3892/BILLS-111s3892is.pdf