United States · Bill · S
S. 2115 (115th)
A bill to amend the Internal Revenue Code of 1986 to disallow any deduction for punitive damages, and for other purposes.
Introduced
9 November 2017
Last action
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Status
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7158)
Sponsors
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Subjects
Discovery layer
Source updated
3 January 2025
Summary
This bill 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 between private parties; 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
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 9 November 2017
Introduced in Senate (PDF)
Introduced in Senate · EN · 9 November 2017
Introduced in Senate
summary · EN · 9 November 2017
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/senate-bill/2115
- Open data entity: https://api.congress.gov/v3/bill/115/s/2115