Bob Wieckowski
- Democratic
Author
The Personal Income Tax Law and the Corporation Tax Law allow various deductions in computing the income that is subject to the taxes imposed by those laws. Both laws allow a deduction for ordinary and necessary business expenses, including a deduction for amounts paid or incurred for specified types of punitive damages. This bill would, in an action in which those damages are sought, require the court to inform the trier of fact, prior to deliberation, that a tax deduction on these damages is allowed as ordinary and necessary business.
No votes to display
Re-referred to Com. on RLS. pursuant to Assembly Rule 96.
June 18 set for second hearing canceled at the request of author.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on REV. & TAX.
June 11 set for first hearing canceled at the request of author.
June 26 hearing postponed by committee.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 27. Noes 13. Page 1346.) Ordered to the Assembly.
Read second time. Ordered to third reading.
From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
Set for hearing April 3.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 2. Page 444.) (March 22). Re-referred to Com. on APPR.
Set for hearing March 22.
From printer. May be acted upon on or after February 5.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB66 | HTML |
| 01/05/17 - Introduced | |
| 06/18/18 - Amended Assembly |
| Document | Format |
|---|---|
| No related documents. |
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