Senator introduces exonerated tax relief bill

A New York senator has introduced a bill that would exempt exonerated men and women from paying federal taxes on any settlements they receive for being wrongfully convicted, the  New York Times reported. "The bill, called the Wrongful Convictions Tax Relief Act, would also exempt exonerated prisoners who do not have prior felony convictions from paying income taxes on up to $50,000 earned each year after their release from prison (or up to $75,000 if they file joint tax returns) and provide them with an income tax credit on payroll taxes paid over the same earnings."