NJ A3094 | 2020-2021 | Regular Session
Note: Carry Foward to future A3176
Note: Carry Over of previous A2699
Note: Carry Over of previous A2699
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 24 2020 - 25% progression, died in committee
Action: 2020-02-24 - Introduced, Referred to Assembly Judiciary Committee
Pending: Assembly Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 24 2020 - 25% progression, died in committee
Action: 2020-02-24 - Introduced, Referred to Assembly Judiciary Committee
Pending: Assembly Judiciary 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
| Sen. John McKeon [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2020-02-24 | Assembly | Introduced, Referred to Assembly Judiciary Committee |
Same As/Similar To
A3094 (Carry Over) 2020-02-24 - Introduced, Referred to Assembly Judiciary Committee
A2699 (Carry Over) 2018-02-01 - Introduced, Referred to Assembly Budget Committee
A2699 (Carry Over) 2018-02-01 - Introduced, Referred to Assembly Budget Committee
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bill-search/2020/A3094 |
| Text | https://pub.njleg.gov/Bills/2020/A3500/3094_I1.HTM |
