NJ S3034 | 2014-2015 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on June 25 2015 - 50% progression, died in committee
Action: 2015-06-25 - Received in the Assembly, Referred to Assembly Budget Committee
Pending: Assembly Budget Committee
Text: Latest bill text (Introduced) [HTML]
Status: Engrossed on June 25 2015 - 50% progression, died in committee
Action: 2015-06-25 - Received in the Assembly, Referred to Assembly Budget Committee
Pending: Assembly Budget Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Disallows tax deduction under corporation business tax and gross income tax for punitive damages paid in connection with legal action; includes amount paid as punitive damages on behalf of taxpayer in income for tax purposes.
Title
Disallows tax deduction under corporation business tax and gross income tax for punitive damages paid in connection with legal action; includes amount paid as punitive damages on behalf of taxpayer in income for tax purposes.
Sponsors
Roll Calls
2015-06-25 - Senate - Senate Floor: Third Reading - Final Passage (Y: 23 N: 14 NV: 3 Abs: 0) [PASS]
2015-06-25 - Senate - Senate Third Reading - Final Passage (Y: 23 N: 14 NV: 3 Abs: 0) [PASS]
2015-06-23 - Senate - Senate Budget and Appropriations Committee: Reported Favorably (Y: 8 N: 4 NV: 1 Abs: 0) [PASS]
2015-06-25 - Senate - Senate Third Reading - Final Passage (Y: 23 N: 14 NV: 3 Abs: 0) [PASS]
2015-06-23 - Senate - Senate Budget and Appropriations Committee: Reported Favorably (Y: 8 N: 4 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2015-06-25 | Assembly | Received in the Assembly, Referred to Assembly Budget Committee |
| 2015-06-25 | Senate | Passed by the Senate (23-14) |
| 2015-06-22 | Senate | Reported from Senate Committee, 2nd Reading |
| 2015-06-11 | Senate | Introduced in the Senate, Referred to Senate Budget and Appropriations Committee |
Same As/Similar To
A4583 (Same As) 2015-06-22 - Introduced, Referred to Assembly Budget Committee
