GovTrack’s Bill Summary
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S. 794 (112th): Protecting American Taxpayers from Misconduct Act
- Introduced:
- Apr 12, 2011 (112th Congress, 2011–2013)
- Sponsor:
- Sen. Patrick Leahy [D-VT]
- Status:
- Died (Referred to Committee)
The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.
- Full Title
A bill to amend the Internal Revenue Code of 1986 to disallow any deduction for punitive damages, and for other purposes.
- Summary
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No summaries available.
- Text
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Last updated Apr 12, 2011.
3 pages
- Primary Source
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View on THOMAS (The Library of Congress)
GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here.
- Citation
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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.
4/12/2011--Introduced.
Protecting American Taxpayers from Misconduct 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.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
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We’ll be looking for a source of summaries from the other side in the meanwhile.