Section 1. Short title
This Act may be cited as the Human Trafficking Survivor Tax Relief Act.
(a) In general
Part III of subchapter B of chapter 1 of the Internal Revenue Code of 1986 is amended by inserting before section 140 the following new section:
Section 139M. Certain amount received as restitution or civil damages as recompense for trafficking in persons
Gross income shall not include any civil damages, restitution, or other monetary award (including compensatory or statutory damages and restitution imposed in a criminal matter) awarded—
(1) pursuant to an order of restitution under section 1593 of title 18, United States Code, or
(2) in an action under section 1595 of title 18, United States Code.
(b) Conforming amendment
The table of sections for part III of subchapter B of chapter 1 of such Code is amended by inserting before the item relating to section 140 the following new item:
(c) Effective date
The amendments made by this section shall apply to taxable years beginning after the date of the enactment of this Act.