New Jersey A 2699: 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.

Status: Introduced in the Assembly, Referred to Assembly Budget Committee (as of 2018-02-01)

State: New Jersey · Session: 218 · Bill: A 2699

Subjects: BUS TAXES, CORPORATIONS, INCOME TAX

Sponsors: McKeon, John F.

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