S 904
106th Congress
Senate
Taxation
Environmental Protection
Excise tax
Foundations
Hazardous waste disposal
Hazardous waste site remediation
Law
Liability for toxic substances pollution damages
Social Welfare
Tax penalties
A bill to provide that certain costs of private foundations in removing hazardous substances shall be treated as qualifying distributions.
Introduced: April 28, 1999
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 28, 1999
Read twice and referred to the Committee on Finance.
Apr 28, 1999
Sponsor introductory remarks on measure. (CR S4366)
Apr 28, 1999
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to provide that in the case of a private foundation the distributable amount shall be reduced (but not below zero) by any amount paid or incurred (or set aside) by such private foundation for the investigatory costs and direct costs of removal or taking remedial action with respect to a hazardous substance released at a facility which was owned or operated by such private foundation. Sets forth limitations.
What's happening now
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1
Cosponsors
1