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- S.794
S.794: Protecting American Taxpayers from Misconduct Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced April 12, 2011
- Latest Major Action April 12, 2011
- See the four similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
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.
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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April 12, 2011 |
Introduced in the Senate by Patrick J. Leahy (D-Vt.) |