HR 9075 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
To amend the Internal Revenue Code of 1986 to impose a tax on payments received from any settlement fund established as a result of a civil action filed by the President of the United States against the Internal Revenue Service.
Summary
This bill imposes a 100 percent tax on payments received from any settlement fund established as a result of a civil action filed by the President of the United States against the Internal Revenue Service. The bill specifies that while these settlement fund payments would be excluded from a taxpayer's regular gross income, they would be subject to this new 100 percent tax. The bill also prevents taxpayers from claiming a deduction for these settlement payments. The tax would apply to amounts received after the bill's enactment date.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Pocan, Mark [D-WI-2] (D-WI)
Actions (2)
- May 29, 2026 Referred to the House Committee on Ways and Means. · house
- May 29, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
May 29, 2026
Mr. Pocan introduced the following bill; which was referred to the Committee on Ways and Means
A BILL
To amend the Internal Revenue Code of 1986 to impose a tax on payments received from any settlement fund established as a result of a civil action filed by the President of the United States against the Internal Revenue Service.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Tax the Grift Act”.
SEC. 2. IMPOSITION OF TAX ON QUALIFIED SETTLEMENT FUND PAYMENTS.
(a) In General.—Subtitle D of the Internal Revenue Code of 1986 is amended by adding at the end the following new chapter:
“CHAPTER 50B—QUALIFIED SETTLEMENT FUND PAYMENTS
“Sec. 5000E. Imposition of tax on qualified settlement fund payments.
“SEC. 5000E. IMPOSITION OF TAX ON QUALIFIED SETTLEMENT FUND PAYMENTS.
“(a) In General.—There is hereby imposed on any taxpayer for any taxable year a tax equal to 100 percent of any qualified settlement fund payment received by such taxpayer during such taxable year.
“(b) Qualified Settlement Fund Payment.—For purposes of this section, the term ‘qualified settlement fund payment’ means, with respect to any taxpayer for any taxable year, any amount received by such taxpayer during such taxable year from any fund established as a result of a civil action filed by the President of the United States against the Internal Revenue Service.
“(c) Special Rules.—
“(1) Administrative provisions.—For purposes of subtitle F, any tax imposed by this section shall be treated as a tax imposed by subtitle A.
“(2) Exclusion from gross income.—For purposes of chapter 1, the gross income of any taxpayer for any taxable year shall not include any qualified settlement fund payment received by such taxpayer during such taxable year.”.
(b) No Deduction From Income Tax.—Section 275(a)(6) of such Code is amended by inserting “50B,” after “50A,”.
(c) Clerical Amendment.—The table of chapters for subtitle D of such Code is amended by inserting after the item relating to chapter 50A the following new item:
“Chapter 50B—Qualified Settlement Fund Payments.”.
(d) Effective Date.—The amendments made by this section shall apply with respect to amounts received after the date of the enactment of this Act. <all>
Comments