Please ensure Javascript is enabled for purposes of website accessibility PA House Finance Committee approves Waxman Holocaust restitution tax exemption bill

PA House Finance Committee approves Waxman Holocaust restitution tax exemption bill

HARRISBURG, March 18 – Today, the Pennsylvania House Finance Committee unanimously approved H.B. 416, introduced by state Rep. Ben Waxman, D-Phila.

This bill would exempt restitution payments and court judgements for stolen property for victims of the Holocaust from the state’s Personal Income Tax.

“While no amount of restitution can make up for the damage done to members of persecuted populations during the Holocaust, these payments help victims and their families recover financial losses, offer supplemental support to survivors who may be living on limited incomes, and can provide a sense of justice,” Waxman said.

“Allowing victims of the Holocaust to retain 100 percent of their restitution payments and awards is one small step that we as legislators can take in recognizing the lasting impact of this tragedy on the world and in honoring survivors and their families.”

The bill now heads to the full House for consideration.