Skip to main content
S 2115 115th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to disallow any deduction for punitive damages, and for other purposes.

Introduced: November 9, 2017 See on congress.gov
Taxation Civil actions and liabilityCompetition and antitrustIncome tax deductionsIncome tax exclusionLife, casualty, property insurance
Sign in to write a letter Sign in to watch
This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 9, 2017
Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7158)
Nov 9, 2017
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Latest action November 9, 2017

Read twice and referred to the Committee on Finance. (Sponsor introductory remarks on measure: CR S7158)

 Plain-English summary Congressional Research Service

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4
D
Blumenthal, Richard
Connecticut · Nov 9, 2017
 D
Gillibrand, Kirsten E.
New York · Nov 9, 2017
 D
Hassan, Margaret Wood
New Hampshire · Nov 9, 2017
 D
Reed, Jack
Rhode Island · Nov 9, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2115: A bill to amend the Internal Revenue Code of 1986 to disallow any deduction for punitive damages, and for other purposes.. 115th Congress. Open America. https://openamerica.io/bill/115-S-2115/
MLA
"S. 2115: A bill to amend the Internal Revenue Code of 1986 to disallow any deduction for punitive damages, and for other purposes.." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2115/.
Bluebook (legal)
S. 2115, 115th Cong. (2026), https://openamerica.io/bill/115-S-2115/.
Markdown link
[S. 2115: A bill to amend the Internal Revenue Code of 1986 to disallow any deduction for punitive damages, and for other purposes.](https://openamerica.io/bill/115-S-2115/)
Report a problem