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S. 794

BillFederalSenateIn Committee
Protecting American Taxpayers from Misconduct Act
About This Bill
Committee
Latest Action · April 12, 2011
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2395)
Congress
112th (2011–2013)
Introduced
April 12, 2011
Cosponsors (1)
1D 0R
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Summary

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Protecting American Taxpayers from Misconduct Act - Amends the Internal Revenue Code to: (1) deny a tax deduction for any amount paid or incurred for punitive damages in connection with any judgment in, or settlement of, any legal action; and (2) include any amount paid as punitive damages in gross income for income tax purposes.

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