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United States · Bill · S

S. 794 (112th)

Protecting American Taxpayers from Misconduct Act

referredUnited States· United States Congress· EN

Introduced

12 April 2011

Last action

Status

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S2395)

Sponsors

Subjects

Discovery layer

Source updated

14 August 2025

Summary

Protecting American Taxpayers from Misconduct Act - 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.

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Documents

3 official files

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Sources

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