The SLUSH FUND Act of 2026 imposes a 100% tax on settlement fund payments from civil actions against the U.S. by specified persons.
The SLUSH FUND Act of 2026 amends the Internal Revenue Code to impose a 100% tax on any specified settlement fund payments received by taxpayers. A specified settlement fund payment is any amount received from a fund, trust, or account derived from a civil action filed by a specified person against the United States. Specified persons include former U.S. Presidents, their family members, and persons controlled by them. The tax applies to payments received on or after May 20, 2026.
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