Protecting American Taxpayers from Misconduct Act
Latest action · Apr 12, 2011 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2395)
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedApr 12, 2011
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Apr 12, 2011.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-RI | Sheldon Whitehouse | Original | Apr 12, 2011 |
Actions 3
Everything that happened, newest first.
- Apr 12, 2011Introduced in Senate
- Apr 12, 2011Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2395)
- Apr 12, 2011Sponsor introductory remarks on measure. (CR S2395)
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 6700 | Stop Deducting Damages Act of 2012 | Related bill | Dec 20, 2012 |
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Apr 12, 2011Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.