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Taxation & Estate Planning

: TaxProf Blog

The Senate's Vote to Eliminate the Deduction for Punitive Damages

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The Senate voted yesterday to pay for a 90-day extension of the home buyer's tax credit by adopting the Obama Administration's proposal to eliminate the deduction for punitive damages. Linda Beale (Wayne State) applauds the move. In their forthcoming article, Taxing Punitive Damages, 96 Va. L. Rev. ___ (2010), Dan...

Full post as published by TaxProf Blog on June 17, 2010 (boomark / email).

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