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: (Engrossed - Dead) 2015-06-25 - Received in the Assembly, Referred to Assembly Budget Committee [S3034 Detail]

Text: Latest bill text (Introduced) [HTML]

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