Summary: S.2115 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.2115. Bill summaries are authored by CRS.

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Introduced in Senate (11/09/2017)

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.