The SLUSH FUND Act of 2026 imposes a 100% tax on settlement fund payments received by former U.S.

The SLUSH FUND Act of 2026 amends the Internal Revenue Code to impose a 100% tax on specified settlement fund payments. These payments are defined as any amount received from a fund, trust, or account derived from a civil action filed by a specified person against the United States. A specified person includes any former U.S. President, their family members, and any person controlled by them. The bill also mandates that trustees, administrators, or other fiduciaries making such payments must file a return with the Internal Revenue Service, detailing the amount and the taxpayer's identity.

The SLUSH FUND Act of 2026 imposes a 100% tax on settlement fund payments received by former U.S.

The SLUSH FUND Act of 2026 amends the Internal Revenue Code to impose a 100% tax on specified settlement fund payments. These payments are defined as any amount received from a fund, trust, or account derived from a civil action filed by a specified person against the United States. A specified person includes any former U.S. President, their family members, and any person controlled by them. The bill also mandates that trustees, administrators, or other fiduciaries making such payments must file a return with the Internal Revenue Service, detailing the amount and the taxpayer's identity.