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HR 2940 109th Congress House Taxation Bank accounts Collection of accounts Consent decrees Environmental Protection Finance and Financial Sector Hazardous wastes Income tax Law Liability for environmental damages Refuse and refuse disposal Tax exemption

To amend the Internal Revenue Code of 1986 to clarify that certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 are beneficially owned by the United States and are not subject to tax.

Introduced: June 16, 2005 See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 16, 2005
Referred to the House Committee on Ways and Means.
Jun 16, 2005
Introduced in House
 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code to exempt from income taxation certain settlement funds established under the Comprehensive Environmental Response, Compensation, and Liability Act of 1980.
What's happening now June 16, 2005

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1