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.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced) 2026-01-13 - Introduced in the Senate, Referred to Senate Judiciary Committee [S2295 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2026-01-02	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for New Jersey S2295

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for New Jersey S2295 currently on file.