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HR 2940 109th Congress House

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…

Official title: To amend the Internal Revenue Code of 1986 to clarify that certain settlement funds established under the Comprehensive Environmental Response, Compensation, a… Show full official titleShow less

Official title: 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
Taxation Bank accountsCollection of accountsConsent decreesEnvironmental Protection
More subjectsShow fewer subjects
Finance and Financial SectorHazardous wastesIncome taxLawLiability for environmental damagesRefuse and refuse disposalTax exemption
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action June 16, 2005

Referred to the House Committee on Ways and Means.

 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.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Thompson, Mike
California · Jun 16, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2940: 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.. 109th Congress. Open America. https://openamerica.io/bill/109-HR-2940/
MLA
"H.R. 2940: 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.." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-HR-2940/.
Bluebook (legal)
H.R. 2940, 109th Cong. (2026), https://openamerica.io/bill/109-HR-2940/.
Markdown link
[H.R. 2940: 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.](https://openamerica.io/bill/109-HR-2940/)
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