Full text and guidelines for the Victims of Terrorism Relief Act of 2001, IRC 5891 (STRUCTURED SETTLEMENT FACTORING TRANSACTIONS.)
Kansas Victims of Terrorism Relief Act of 2001
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FAQ
The Fund has paid more than $3.3 billion to victims in four rounds of distributions.
At the end of the process $7 billion was awarded to 97% of the families.
An act to amend the Internal Revenue Code of 1986 to provide tax relief for victims of the terrorist attacks against the United States, and for other purposes.
Tax information: VCF awards are not subject to federal income tax. See 26 U.S.C. §139(f). Bankruptcy proceedings: The VCF cannot advise you on how your award may be treated if the victim or recipient of the award has filed for bankruptcy protection.