S.Amdt. 5232

1. Adds Subtitle __--Additional Provisions SEC. ____1. EXCLUSION FOR INCOME RECEIVED UNDER SEXUAL ABUSE AWARDS at the end of title I

   Adds a section

   In H.R. 5376 · Placed on Calendar Senate

   (c) Administrative Costs.--In addition to amounts otherwise available, there is appropriated to the Secretary for fiscal year 2022, out of any money in the Treasury not otherwise appropriated, $100,000,000, to remain available until September 30, 2028, for administrative costs of the agencies and offices of the Department of Agriculture for costs related to implementing this section.

   Inserted: Subtitle __--Additional Provisions SEC. ____1. EXCLUSION FOR INCOME RECEIVED UNDER SEXUAL ABUSE AWARDS.

   Inserted: (a) In General.--Section 104(a)(2) of the Internal Revenue Code of 1986 is amended by inserting "or on account of sexual abuse" after "physical sickness".

   Inserted: (b) Effective Date.--The amendment made by this section shall apply to amounts received in taxable years beginning after December 31, 2022.

   Inserted: SEC. ____2. EXCLUSION FROM FEDERAL INCOME TAXATION RESTITUTION AND CIVIL DAMAGES AWARDED UNDER SECTIONS 1593 AND 1595 OF TITLE 18, UNITED STATES CODE.

   Inserted: (a) In General.--Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986, as amended by section 9501(b)(4) of the American Rescue Plan Act of 2021 (Public Law 117-2), is amended by inserting before section 140 the following new section:

   Inserted: "SEC. 139J. CERTAIN AMOUNT RECEIVED AS RESTITUTION OR CIVIL DAMAGES AS RECOMPENSE FOR TRAFFICKING IN PERSONS.

   Inserted: "Gross income shall not include any civil damages, restitution, or other monetary award (including compensatory or statutory damages and restitution imposed in a criminal matter) awarded--

   Inserted: "(1) pursuant to an order of restitution under section 1593 of title 18, United States Code, or

   Inserted: "(2) in an action under section 1595 of title 18, United States Code.".

   Inserted: (b) Conforming Amendment.--The table of sections for part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before the item relating to section 140 the following new item:

   Inserted: "Sec. 139J. Certain amount received as restitution or civil damages as recompense for trafficking in persons.".

   Inserted: (c) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2022.

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   Inserted: SEC. ____3. MODIFICATIONS TO EDUCATOR EXPENSE DEDUCTION.

   Inserted: (a) In General.--Section 62 of the Internal Revenue Code of 1986 is amended--

   Inserted: (1) in subsection (a)(2)(D)--

   Inserted: (A) in the heading, by adding "and other instructional school personnel" at the end, and

   Inserted: (B) in clause (ii)--

   Inserted: (i) by striking "(other than nonathletic supplies for courses of instruction in health or physical education)", and

   Inserted: (ii) by striking "in the classroom" and inserting "as part of instructional activity", and

   Inserted: (2) in subsection (d)(1)(A), by inserting "interscholastic sports administrator or coach," after "counselor,".

   Inserted: (b) Educator Expense Deduction to Include Early Childhood Educators.--Section 62 of the Internal Revenue Code of 1986 is amended--

   Inserted: (1) in subsection (a)(2)(D), by striking "elementary and secondary" in the heading and inserting "early childhood, elementary, and secondary";

   Inserted: (2) in subsection (d)(1)(A), by striking "kindergarten through grade 12 teacher" and inserting, "early childhood or kindergarten through grade 12 teacher, educator"; and

   Inserted: (3) in subsection (d)(1)(B), by striking "elementary education or secondary education" and inserting "early childhood education (through pre-kindergarten) or elementary or secondary education".

   Inserted: (c) Increase in Deduction Amount.--

   Inserted: (1) In general.--Section 62(a)(2)(D) of the Internal Revenue Code of 1986 is amended by striking "$250" and inserting "$500".

   Inserted: (2) Conforming amendments.--Section 62(d)(3) of the Internal Revenue Code of 1986 is amended--

   Inserted: (A) by striking "2015" and inserting "2023",

   Inserted: (B) by striking "$250" and inserting "$500", and

   Inserted: (C) by striking "calendar year 2014" and inserting "calendar year 2022".

   Inserted: (d) Effective Date.--The amendments made by this section shall apply to expenses incurred in taxable years beginning after December 31, 2022.

   Inserted: SEC. ____4. EXTENSION OF LIMITATION ON DEDUCTION FOR STATE AND LOCAL TAXES.

   Inserted: (a) In General.--Section 164(b)(6) of the Internal Revenue Code of 1986 is amended--

   Inserted: (1) by striking "January 1, 2026" and inserting "January 1, 2032", and

   Inserted: (2) by striking "2025" in the heading thereof and inserting "2031".

   Inserted: (b) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2022.

   Original wording

   At the end of title I, add the following:

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As printed