Business Insurance reports that the newest version of the proposed federal tax bill, the American Jobs and Closing Tax Loopholes Act, still includes a provision to eliminate the deductibility of punitive damages.
Related posts:
More from Prof. Markel on Tax Policy and Punitive Damages
"Taxing Punitive Damages"
Proposed Legislation Would Eliminate Tax Deduction for Punitive Damages
Obama Administration Proposes To Eliminate Tax Deduction for Payment of Punitive Damages
September 17, 2010
Proposal to Eliminate Tax Deduction for Punitive Damages Still Alive
