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22 U.S.C. § 5510United States Government compensation for victims of terrorism

submitted 36 years ago by Pub. L. 101-604 to r/title-22-FOREIGN-RELATIONS-AND-INTERCOURSE · 212 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a) Compensation

The President shall submit to the Congress, not later than one year after November 16, 1990, recommendations on whether or not legislation should be enacted to authorize the United States to provide monetary and tax relief as compensation to United States citizens who are victims of terrorism.

(b) Board

The President may establish a board to develop criteria for compensation and to recommend changes to existing laws to establish a single comprehensive approach to victim compensation for terrorist acts.

(c) Income tax benefit for victims of Lockerbie terrorism
(1) In general

Subject to paragraph (2), in the case of any individual whose death was a direct result of the Pan American Airways Flight 103 terrorist disaster over Lockerbie, Scotland, on December 21, 1988, any tax imposed by subtitle A of title 26 shall not apply—

(A)

with respect to the taxable year which includes December 21, 1988, and

(B)

with respect to the prior taxable year.

(2) Limitation

In no case may the tax benefit pursuant to paragraph (1) for any taxable year, for any individual, exceed an amount equal to 28 percent of the annual rate of basic pay at Level V of the Executive Schedule of the United States as of December 21, 1988.

Source credit: (Pub. L. 101–604, title II, § 211, Nov. 16, 1990, 104 Stat. 3085.)

history & why it existsrecord from the source credit
  • 1990Enacted · Pub. L. 101-604 · 104 Stat. 3085

A history note hasn’t been published yet. The record shows enactment by Pub. L. 101-604 on 1990-11-16.

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