NJ A4583 | 2014-2015 | Regular Session
Note: Carry Foward to future A2831
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on June 22 2015 - 25% progression, died in committee
Action: 2015-06-22 - Introduced, Referred to Assembly Budget Committee
Pending: Assembly Budget Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on June 22 2015 - 25% progression, died in committee
Action: 2015-06-22 - Introduced, 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
History
| Date | Chamber | Action |
|---|---|---|
| 2015-06-22 | Assembly | Introduced, Referred to Assembly Budget Committee |
Same As/Similar To
A4583 (Carry Over) 2015-06-22 - Introduced, Referred to Assembly Budget Committee
S3034 (Same As) 2015-06-25 - Received in the Assembly, Referred to Assembly Budget Committee
S3034 (Same As) 2015-06-25 - Received in the Assembly, Referred to Assembly Budget Committee
Subjects
New Jersey State Sources
| Type | Source |
|---|---|
| Summary | https://www.njleg.state.nj.us/bill-search/2014/A4583 |
| Text | https://pub.njleg.gov/Bills/2014/A5000/4583_I1.HTM |
