HB 1028 -- Restitution to Victims of the Nazi Holocaust

Co-Sponsors:  Foley, Harlan, Murray, Gaw, Fraser, Berkowitz, Bray

This bill allows as a deduction for state individual income tax
and allows an individual to not include the following in
determining eligibility for any public assistance, benefit,
entitlement, or tax relief:

(1)  All amounts received as reparations or restitution for loss
of liberty or life or damage to health by the victims of
National Socialist (Nazi) persecution;

(2)  Returns of tangible or intangible property seized,
misappropriated, or lost as the result of National Socialist
(Nazi) actions or policies and any cash values in replacement of
the property;

(3)  Payments of insurance policies purchased by the victims of
National Socialist (Nazi) persecution; and

(4)  Any accumulated or accrued interest on the above amounts,
returns, or payments.

To qualify for the income tax deduction, the taxpayer must be
the actual victim, spouse, or descendent of the victim of
National Socialist (Nazi) persecution.