Bill
Bill > A4583
NJ A4583
NJ A4583Disallows 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.
summary
Introduced
06/22/2015
06/22/2015
In Committee
06/22/2015
06/22/2015
Crossed Over
Passed
Dead
01/11/2016
01/11/2016
Introduced Session
2014-2015 Regular Session
Bill 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.
Committee Categories
Budget and Finance
Sponsors (2)
Last Action
Introduced, Referred to Assembly Budget Committee (on 06/22/2015)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2014/Bills/A5000/4583_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2014/Bills/A5000/4583_I1.PDF |
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