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NJ A2831

Bill

Status

Introduced

2/16/2016

Primary Sponsor

John McKeon

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Origin

General Assembly

2016-2017 Regular Session

AI Summary

Legislative Description

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.

Budget

Last Action

Introduced, Referred to Assembly Budget Committee

2/16/2016

Committee Referrals

Budget2/16/2016

Full Bill Text

No bill text available