Bill Commons

NJ S 2295

in committee

Disallows tax deduction under corporation business tax and gross income tax for punitive damages paid in connection with legal action; includes amount paid as punitive damages on behalf of taxpayer in income for tax purposes.

New Jersey · 222 · upper

Quick answers

Did NJ S 2295 pass?

Not yet. NJ S 2295 is in committee as of 2026-01-13 and has not come to a final vote. Latest recorded action (2026-01-13): Introduced in the Senate, Referred to Senate Judiciary Committee

What is NJ S 2295 about?

NJ S 2295 is a bill in the 222 titled “Disallows tax deduction under corporation business tax and gross income tax for punitive damages paid in connection with legal action; includes amount paid as punitive damages on behalf of taxpayer in income for tax purposes.”.

Who sponsors NJ S 2295?

McKeon, John F. is the primary sponsor of NJ S 2295.

Introduced
2026-01-13
Latest action
2026-01-13 — Introduced in the Senate, Referred to Senate Judiciary Committee
Bill type
bill
Last updated

Sponsors

  • McKeon, John F.primary

Committees

Not provided by source.

Action timeline

  1. 2026-01-13

    Introduced in the Senate, Referred to Senate Judiciary Committee

    introduction,referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

No related bills recorded for this bill.

Official source

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:27:43.923511Z

Inspect retained evidence for changes recorded after evidence tracking began:

Use this data

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