June 8, 2017

Proposal to eliminate tax deductions for punitive damages passes California Senate

The California Senate approved SB 66 by a vote of 27-13.  That doesn't necessarily mean the bill will gain approval in the Assembly.  Its common for a bill to gain approval in its house of origin before the serious fighting begins.  Stay tuned.

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Another proposal to eliminate tax deductions for punitive damages in California (SB 66)