CFC supports SB 66, which closes tax loophole for corporate misbehavior
SB 66 (Wieckowski) will close a tax loophole that allows corporations to write off punitive damages paid out when they violate the law. Courts inflict punitive damages when violations are especially egregious, and California should end this corporate welfare that alleviates consequences for bad behavior.
- 6/20/17 letter to Assembly Revenue & Taxation Committee
- 5/15/17 Senate floor alert
- 4/5/17 Senate floor alert
- Learn more
- Check votes
5/31/17 Cleared the Senate 27-13.
3/22/17 Passed Senate Governance & Finance Committee on a 5-2 vote.