Bill 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-02-01 - Introduced, Referred to Assembly Budget Committee [A2699 Detail]

Text: Latest bill text (Introduced) [HTML]

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