Gross income shall not include amounts received as reparations or restitution for
the loss of liberty or damage to health by the victims of National Socialist (Nazi)
persecution; returns of tangible or intangible property seized, misappropriated,
or lost as a result of National Socialist (Nazi) actions or policies and any cash
values in replacement of such property; payments of insurance policies purchased
by the victims of National Socialist (Nazi) persecution; and any accumulated or accrued
interest on such amounts.
National Socialist (Nazi) actions or policies include, but are not limited to, actions
and policies taken by Germany and other countries, or by organizations and institutions
within those countries, against the victims of the Nazi Holocaust.
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?
Response sent, thank you
Welcome to FindLaw's Cases & Codes
A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.