HR 3852
112th Congress
House
Taxation
Income tax deductions
Marine pollution
Oil and gas
Pollution liability
To amend the Internal Revenue Code of 1986 to disallow a deduction for amounts paid or incurred by a responsible party relating to a discharge of oil.
Introduced: January 31, 2012
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 31, 2012
Referred to the House Committee on Ways and Means.
Jan 31, 2012
Sponsor introductory remarks on measure. (CR E97)
Jan 31, 2012
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to deny a tax deduction for business-related expenses paid or incurred by a responsible party relating to an incident resulting in the discharge of oil into the navigable waters, other than an incident caused by an act of God or an act of war.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1