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NJ A2699
Bill
Status
Introduced
2/1/2018
Primary Sponsor
John McKeon
Click for details
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
2/1/2018
Committee Referrals
Budget2/1/2018
Full Bill Text
No bill text available