New Jersey - Session 2026-2027
Title: Punitive damages paid in connection w/legal actions-disallows tax deduction
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.
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| Date | Event | Detail |
|---|---|---|
| 2026-01-13 | Introduced | Bill introduced |
| 2026-01-13 | Status | introduced |
| 2026-01-13 | Latest Action | INT 1RS REF SJU |
| Bill | Title | Status |
|---|---|---|
| A 2408 | FY2026 approp act-amend, reassign to Parkside Bus. & Community in Partnership | unknown |
| A 3929 | Biometric surveillance system-proh use by business entity, certain circumstances | unknown |
| S 1107 | FY2026 approp act-amend, reassign to Parkside Bus. & Community in Partnership | unknown |
| S 4044 | Commercial electronic mail message-include unsubscribe mechanism | introduced |
| A 3238 | Income tax assessments-eliminate statute of limitation, refunds induced by fraud | unknown |
| A 4794 | Tax data, cert-share w/ NJ Innovation Auth. and NJ Secure Choice Savings Bd. | introduced |
| A 4795 | Garden State Preservation Trust-acquire land in urban areas for certain purposes | introduced |
| A 4806 | ReadyReturn Prog-estab; req Taxation prepare initial tax filing, cert taxpayers | introduced |