Code · BILL · 115th Congress · H.R. 1 (Reported in House) — To provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fiscal year 2018. · Sec. 3316

Sec. 3316. Uniform treatment of expenses in contingency fee cases

112 words·~1 min read·/bill/115/hr/1/rh/section-3316

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 162 , as amended by the preceding provisions of this Act, is amended by redesignating subsection

(r)as subsection

(s)and by inserting after subsection

(q)the following new subsection: No deduction shall be allowed under subsection

(a)to a taxpayer for any expense— paid or incurred in the course of the trade or business of practicing law, and resulting from a case for which the taxpayer is compensated primarily on a contingent basis, until such time as such contingency is resolved. . The amendment made by this section shall apply to expenses and costs paid or incurred in taxable years beginning after the date of the enactment of this Act.