H.R. 2486 · 114th Congress
Stop Deducting Damages Act of 2015
- Stage
- In committee
- Sponsor
- Peter Welch
- Introduced
- 2015-05-20
- Latest action
- 2015-05-20 · Introduced in House
Summary
Stop Deducting Damages Act of 2015
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.