Page 79 - Tax Reform

PUBLIC LAW 115–97—DEC. 22, 2017 131 STAT. 2129

under subsection (a) shall furnish to each person who is a party
to the suit or agreement a written statement showing—
‘‘(1) the name of the government or entity, and
‘‘(2) the information supplied to the Secretary under sub-
section (a)(1).
The written statement required under the preceding sentence shall
be furnished to the person at the same time the government or
entity provides the Secretary with the information required under
subsection (a).
‘‘(c) APPROPRIATE OFFICIAL DEFINED.—For purposes of this sec-
tion, the term ‘appropriate official’ means the officer or employee
having control of the suit, investigation, or inquiry or the person
appropriately designated for purposes of this section.’’.
(2) CONFORMING AMENDMENT.—The table of sections for
subpart B of part III of subchapter A of chapter 61 is amended 26 USC
by inserting after the item relating to section 6050W the fol- prec. 6041.
lowing new item:

‘‘Sec. 6050X. Information with respect to certain fines, penalties, and other
amounts.’’.
(3) EFFECTIVE DATE.—The amendments made by this sub- 26 USC 6050X
section shall apply to amounts paid or incurred on or after note.
the date of the enactment of this Act, except that such amend-
ments shall not apply to amounts paid or incurred under any
binding order or agreement entered into before such date. Such
exception shall not apply to an order or agreement requiring
court approval unless the approval was obtained before such
date.

SEC. 13307. DENIAL OF DEDUCTION FOR SETTLEMENTS SUBJECT TO
NONDISCLOSURE AGREEMENTS PAID IN CONNECTION
WITH SEXUAL HARASSMENT OR SEXUAL ABUSE.
(a) DENIAL OF DEDUCTION.—Section 162 is amended by redesig-
nating subsection (q) as subsection (r) and by inserting after sub-
section (p) the following new subsection:
‘‘(q) PAYMENTS RELATED TO SEXUAL HARASSMENT AND SEXUAL
ABUSE.—No deduction shall be allowed under this chapter for—
‘‘(1) any settlement or payment related to sexual harass-
ment or sexual abuse if such settlement or payment is subject
to a nondisclosure agreement, or
‘‘(2) attorney’s fees related to such a settlement or pay-
ment.’’.
(b) EFFECTIVE DATE.—The amendments made by this section 26 USC 162 note.
shall apply to amounts paid or incurred after the date of the
enactment of this Act.
SEC. 13308. REPEAL OF DEDUCTION FOR LOCAL LOBBYING EXPENSES.
(a) IN GENERAL.—Section 162(e) is amended by striking para-
graphs (2) and (7) and by redesignating paragraphs (3), (4), (5),
(6), and (8) as paragraphs (2), (3), (4), (5), and (6), respectively.
(b) CONFORMING AMENDMENT.—Section 6033(e)(1)(B)(ii) is
amended by striking ‘‘section 162(e)(5)(B)(ii)’’ and inserting ‘‘section
162(e)(4)(B)(ii)’’.
(c) EFFECTIVE DATE.—The amendments made by this section 26 USC 162 note.
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shall apply to amounts paid or incurred on or after the date of
the enactment of this Act.