Establishes a consumer protection restitution account for public compensation payments and amends tax code provisions.

The bill establishes a consumer protection restitution account to manage public compensation payments from consumer enforcement actions. It mandates that 50% of money recovered by the attorney general in such actions be deposited into this account. The account is used to distribute compensation to eligible consumers, defined as those directly impacted by unlawful acts in consumer enforcement actions. The bill also amends tax code provisions to exclude certain consumer enforcement public compensation payments from taxable income.

Establishes a consumer protection restitution account for public compensation payments and amends tax code provisions.

The bill establishes a consumer protection restitution account to manage public compensation payments from consumer enforcement actions. It mandates that 50% of money recovered by the attorney general in such actions be deposited into this account. The account is used to distribute compensation to eligible consumers, defined as those directly impacted by unlawful acts in consumer enforcement actions. The bill also amends tax code provisions to exclude certain consumer enforcement public compensation payments from taxable income.