Sec. 41107. ATTORNEYS FEES RELATING TO AWARDS TO WHISTLEBLOWERS
230 words·~1 min read·
/statute-compilations/comps-14173/sec-41107A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 41107 ATTORNEYS FEES RELATING TO AWARDS TO WHISTLEBLOWERS ###
(a)In General **[**[26 U.S.C. 62](/us/usc/t26/s62)**]** Paragraph
(21)of section 62(a) is amended to read as follows: > > #### “(21) Attorneys’ fees relating to awards to whistleblowers > > > ##### “(A) In general > > Any deduction allowable under this chapter for attorney fees and court costs paid by, or on behalf of, the taxpayer in connection with any award under— > > > ###### “(i) > > section 7623(b), or > > > ###### “(ii) > > in the case of taxable years beginning after December 31, 2017, any action brought under— > > > ###### “(I) > > section 21F of the Securities Exchange Act of 1934 (15 U.S.C. 78u–6), > > > ###### “(II) > > a State false claims act, including a State false claims act with qui tam provisions, or > > > ###### “(III) > > section 23 of the Commodity Exchange Act (7 U.S.C. 26). > > > ##### “(B) May not exceed award > > Subparagraph
(A)shall not apply to any deduction in excess of the amount includible in the taxpayer’s gross income for the taxable year on account of such award.” > . ###
(b)Effective Date **[**[26 U.S.C. 62 note](/us/usc/t26/s62)**]** The amendment made by this section shall apply to taxable years beginning after December 31, 2017.
Connectionstraces to 2
Traces to 2 documents
1 reference not yet in our index
- 15 USC 78u–6
Citation graph
cites case law
Cites 3Cited by 0 across 0 sources