S2295Introduced in the Senate
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.
Introduced by John McKeon, District 27
What does this bill do?
Plain-English breakdown
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Official description
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.
Where it stands
Introduced in the Senate, Referred to Senate Judiciary Committee
January 13, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
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Bill history
Introduced in the Senate, Referred to Senate Judiciary Committee
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