S 983
112th Congress
Senate
Taxation
Income tax deductions
Marine pollution
Oil and gas
Pollution liability
A bill 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: May 12, 2011
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 12, 2011
Read twice and referred to the Committee on Finance.
May 12, 2011
Introduced in Senate
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1