Survivor Justice Tax Prevention Act

Legislation Details

Amends the Internal Revenue Code of 1986 to exclude from gross income damages received due to sexual acts or sexual contact, except for punitive damages.
Modifies Section 104(a)(2) to include damages related to sexual acts and sexual contact alongside personal physical injuries or physical sickness.
Establishes that damages will be considered as related to sexual acts or contact if the judgment or agreement explicitly states so.
Prohibits the requirement of medical records to substantiate damages related to sexual acts or contact.
The amendments apply to judgments and agreements made after the enactment of the Act, with specific rules for determining the timing of judgments and agreements.
Mandates the Secretary of the Treasury to promote public awareness of the new exclusion from gross income in collaboration with relevant federal agencies.