New Jersey A 3176: 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 Judiciary Committee (as of 2022-03-07)

State: New Jersey · Session: 220 · Bill: A 3176

Subjects: BUS TAXES, CORPORATIONS, INCOME TAX

Sponsors: McKeon, John F.

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