House Finance Committee discusses Waxman Holocaust reparations tax exemption bill
Rep. Ben Waxman February 5, 2025 | 11:45 AM
HARRISBURG, Feb. 5 – Today, the Pennsylvania House Finance Committee held a hearing to discuss H.B. 416 introduced by state Rep. Ben Waxman, D-Phila.
This bill would exempt reparation payments and court judgements for stolen property for victims of the Holocaust from the state’s Personal Income Tax.
“While no amount of restitution can make up for the damage done to members of persecuted populations during the Holocaust, these payments help victims and their families recover financial losses, offer supplemental support to survivors who may be living on limited incomes, and can provide a sense of justice,” Waxman said.
“Allowing victims of the Holocaust to retain 100 percent of their reparation payments and restitution awards is one small step that we as legislators can take in recognizing the lasting impact of this tragedy on the world and in honoring survivors and their families.”
During today’s hearing, the committee heard testimony from Rachel Howe, vice president of 3G Philly, an organization made up of grandchildren of Holocaust survivors.
Today’s hearing can be viewed at Finance Committee -- February 5, 2025.
The Finance Committee will soon vote on Waxman’s bill. If enough votes are cast in favor of the bill, it will head to the full House for future consideration.