The Senate and House have passed a bill that will provide tax relief to the victims of the Virginia Tech University shootings and their families.

After the shootings on April 16, a payment program was established that allowed survivors and the families of the victims to receive cash payments from the university. In lieu of a cash payment, claimants also had the option of donating their payments to a nonprofit organization that funded scholarships at the university. So far, the Hokie Spirit Memorial Fund has paid over $8 million to survivors of the attack and family members of those who were killed.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access