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CA SB66

Bill

Status

Engrossed

5/31/2017

Primary Sponsor

Bob Wieckowski

Click for details

Origin

Senate

2017-2018 Session

AI Summary

  • Amends Civil Code Section 3294 to require courts to inform juries prior to deliberation that defendants are permitted to claim tax deductions on punitive or exemplary damages as ordinary and necessary business expenses.

  • Applies to all actions where punitive or exemplary damages are sought.

  • Requires a majority vote for passage (not a two-thirds vote).

  • Does not require fiscal committee review.

Legislative Description

Damages: income taxes deduction.

Last Action

Re-referred to Com. on RLS. pursuant to Assembly Rule 96.

6/25/2018

Committee Referrals

Rules6/25/2018
Revenue and Taxation6/12/2017
Appropriations3/22/2017
Governance and Finance1/19/2017
Rules1/5/2017

Full Bill Text

No bill text available