New Jersey A 2831: 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 2016-02-16)

State: New Jersey · Session: 217 · Bill: A 2831

Subjects: BUS TAXES, CORPORATIONS, INCOME TAX

Sponsors: McKeon, John F.

View New Jersey A 2831 on LegisTrack → — full text, sponsors, votes, campaign finance, and cross-state matches.