US HB7381

Imposes a 100% tax on damages received by the President from civil actions filed against the United States or its agencies during the President's term in office

Applies to the President, family members (spouse and relatives), and entities controlled by them

Covers damages from settlements, verdicts, or judgments where the filing, settlement, or judgment occurred during the presidential term

Excludes taxed amounts from gross income to prevent double taxation, while prohibiting any deduction for the special tax

Applies to amounts received after the date of enactment