H.R. 3445 · 113th Congress
Stop Deducting Damages Act of 2013
- Stage
- In committee
- Sponsor
- Peter Welch
- Introduced
- 2013-10-30
- Latest action
- 2013-10-30 · Introduced in House
Summary
Stop Deducting Damages Act of 2013 - Amends the Internal Revenue Code to: (1) deny a tax deduction for any amount paid or incurred for compensatory or punitive damages in connection with any judgment in, or settlement of, any action against a government; and (2) include in gross income any amount paid as insurance or otherwise due to liability for punitive damages.