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.

Updates

3/22/17 Passed Senate Governance & Finance Committee on a 5-2 vote.

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