HR 1412
107th Congress
House
Taxation
Asbestos
Business income tax
Business losses
Commerce
Corporate finance
Corporation taxes
Environmental Protection
Income tax
Law
Products liability
Tax deductions
Tax exemption
To amend the Internal Revenue Code of 1986 to provide relief for payment of asbestos-related claims.
Introduced: April 4, 2001
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 5, 2001
Sponsor introductory remarks on measure. (CR E564)
Apr 4, 2001
Referred to the House Committee on Ways and Means.
Apr 4, 2001
Introduced in House
Plain-English summary
Amends Internal Revenue Code provisions concerning designated settlement funds to exempt from tax any designated settlement fund established for the principal purpose of resolving and satisfying present and future claims relating to asbestos. Sets forth special rules concerning asbestos liability losses.
What's happening now
Sponsor introductory remarks on measure. (CR E564)
Committees of jurisdiction
1