H.R. 5994 (111th): Stop Deducting Damages Act of 2010

Introduced:
Jul 30, 2010 (111th Congress, 2009–2010)
Sponsor:
Rep. Peter Welch [D-VT0]
Status:
Died (Referred to Committee)
See Instead:
This bill was re-introduced as H.R. 6700 (112th) on Dec 20, 2012.

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on July 30, 2010, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 30, 2010
Cosponsors
2 cosponsors (2D) (show)
Committees

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To amend the Internal Revenue Code of 1986 to disallow deductions for the payment of punitive damages, and for other purposes.

Summary

No summaries available.

Text

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Last updated Jul 30, 2010.
3 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

7/30/2010--Introduced.
Stop Deducting Damages Act of 2010 - 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.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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