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S 3422 109th Congress Senate

A bill to provide for the tax treatment of income received in connection with the litigation concerning the Exxon Valdez oil spill.

Introduced: June 6, 2006 Introduced by: Murkowski, Lisa Republican · Alaska See on congress.gov
Taxation Agriculture and FoodAlaskaAnnuitiesCivil actions and liability
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DamagesEnvironmental ProtectionFarm incomeIncome taxIndividual retirement accountsLabor and EmploymentLawLiability for environmental damagesOil pollutionTax administrationTax exclusionTax-deferred compensation plans
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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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 6, 2006
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5494)
Jun 6, 2006
Sponsor introductory remarks on measure. (CR S5493-5494)
Jun 6, 2006
Introduced in Senate
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 Latest action June 6, 2006

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S5494)

 Plain-English summary Congressional Research Service

Allows taxpayers who are plaintiffs in the civil action In re Exxon Valdez, No. 89-095-CV (HRH) (Consolidated) (D. Alaska) to: (1) elect to average, for income tax purposes, income received in settlement of such civil action for the period beginning on January 1, 1994, and ending on December 31 of the year in which any settlement income is received; and (2) make contributions of any amount of such settlement income to certain tax-exempt retirement plans in the year such income is received.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3422: A bill to provide for the tax treatment of income received in connection with the litigation concerning the Exxon Valdez oil spill.. 109th Congress. Open America. https://openamerica.io/bill/109-S-3422/
MLA
"S. 3422: A bill to provide for the tax treatment of income received in connection with the litigation concerning the Exxon Valdez oil spill.." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-3422/.
Bluebook (legal)
S. 3422, 109th Cong. (2026), https://openamerica.io/bill/109-S-3422/.
Markdown link
[S. 3422: A bill to provide for the tax treatment of income received in connection with the litigation concerning the Exxon Valdez oil spill.](https://openamerica.io/bill/109-S-3422/)
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