Tax the Grift Act

Mark Pocan

Democrat · WI · Representative

Source: Congress.gov · FEC

No cosponsors on record. Bills can pass without cosponsors — this often means the sponsor introduced the bill alone, either because it's a messaging bill, a chairman's mark, or simply early in the legislative cycle.

Referred to the House Committee on Ways and Means.

2026-05-29

Source: Congress.gov

I don't have enough information to write an accurate summary. The bill's subjects are listed as "None," and without knowing the specific provisions of the Tax the Grift Act, I cannot describe what it would actually do or who it would affect. To provide a factual summary, I would need details about the bill's actual content and policy goals.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 9075 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 9075 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. _______________________________________________________________________ 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>

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