Stop Deducting Damages Act of 2010

Summary

Stop Deducting Damages Act of 2010 - 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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 30 July 2010

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 30 July 2010

   Introduced

   Introduced in House

   Source: IntroReferral

3. 30 July 2010

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 30 July 2010 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 30 July 2010

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 30 July 2010

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 30 July 2010

  Open at official source

Sponsors

• Sen. Welch, Peter [D-VT] · D · Sponsor
• Gerald Connolly · D · Sponsor
• Barbara Lee · D · Sponsor
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.