Full text and guidelines for the Victims of Terrorism Relief Act of 2001, IRC 5891 (STRUCTURED SETTLEMENT FACTORING TRANSACTIONS.)
New Mexico Victims of Terrorism Relief Act of 2001
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The original VCF operated from 2001-2004. On January 2, 2011, President Obama signed into law the James Zadroga 9/11 Health and Compensation Act of 2010 (Zadroga Act). Title II of the Zadroga Act reactivated the September 11th Victim Compensation Fund.
Terrorism can take many forms, including bombings, armed assaults, hijackings, or hostage-taking. Its targets can also vary and can be aimed at civilians, state actors, or public infrastructure.
PL 107-134 Victims of Terrorism Relief Act of 2001 (enacted 1/23/02) Provides tax relief for victims of terrorists attacks. Also under this law, victims owe no Federal income or payroll taxes for the year in which they died and the immediately preceding year.
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.
2 IRC § 692(a) applies to ?any individual who dies while in active service as a member of the Armed Forces of the United States, if such death occurred while serving in a combat zone (as determined under section 112) or as a result of wounds, disease, or injury incurred while so serving.? Under IRC § 112(c)(2), the ...