S.467

Allows above-the-line deduction for attorney fees and costs in consumer claim awards.

The End Double Taxation of Successful Consumer Claims Act amends the Internal Revenue Code to allow an above-the-line deduction for attorney fees and costs in connection with consumer claim awards. This applies to taxable years ending after the enactment of the Act, concerning judgments or settlements occurring during those years. The Act defines "consumer protection violation" to include acts unlawful under various federal statutes and regulations.