HB 1332 -- Income Tax:  Holocaust Victims' Restitution

Sponsor:  Patek

This bill exempts the following from state individual income tax
beginning with tax year 2000 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 descendant of a victim of National
Socialist (Nazi) persecution.