Bill Texts: NJ A3094 | 2020-2021 | Regular Session

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) 2020-02-24 - Introduced, Referred to Assembly Judiciary Committee [A3094 Detail]

Bill Drafts

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Introduced2020-02-24HTML/TextLinkView

Amendments

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No bill amendments currently on file for New Jersey A3094

Supplemental Documents

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No supplemental documents for New Jersey A3094 currently on file.

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