There is one summary for S.169. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (01/13/2015)

No Tax Write-offs for Corporate Wrongdoers 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.