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S 1506 113th Congress Senate

Gulf Coast Oil Recovery Zone Tax Relief and Economic Recovery Act

Official title: A bill to provide tax relief for persons affected by the discharge of oil in connection with the explosion on, and sinking of, the mobile offshore drilling unit Deepwater Horizon.

Introduced: March 12, 2014 Introduced by: Wicker, Roger F. Republican · Mississippi See on congress.gov
Taxation AlabamaBusiness investment and capitalCivil actions and liabilityFlorida
More subjectsShow fewer subjects
Food industry and servicesGulf of MexicoHunting and fishingIncome tax exclusionLife, casualty, property insuranceLouisianaMarine and coastal resources, fisheriesMarine pollutionMississippiOil and gasPollution liabilityTravel and tourism
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This bill died when the 113th Congress ended
It never became law before the 113th Congress (2013–2014) 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
Sep 17, 2013
Read twice and referred to the Committee on Finance.
Sep 17, 2013
Introduced in Senate
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 Latest action September 17, 2013

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Gulf Coast Oil Recovery Zone Tax Relief and Economic Recovery Act - Allows non-recognition, for income tax purposes, of proceeds or payments from insurance received in connection with the Gulf oil spill or any payment for damages attributable to the oil spill under the Oil Pollution Act of 1990 that are invested in a qualified recovery zone trade or business within five years after the later of an oil spill payment or the enactment of this Act. Defines: (1) "Gulf oil spill' as the discharge of oil by reason of the explosion on, and sinking of, the mobile offshore drilling unit Deepwater Horizon; (2) "recovery zone" as certain counties in Florida, Mississippi, and Alabama and specified parishes in Louisiana that were affected by the oil spill; and (3) "qualified recovery zone trade or business" as any commercial or charter fishing business or any hotel, lodging, recreation, entertainment operating in, or restaurant business located in, the recovery zone.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 1506: Gulf Coast Oil Recovery Zone Tax Relief and Economic Recovery Act. 113th Congress. Open America. https://openamerica.io/bill/113-S-1506/
MLA
"S. 1506: Gulf Coast Oil Recovery Zone Tax Relief and Economic Recovery Act." 113th Congress, 2026, Open America, https://openamerica.io/bill/113-S-1506/.
Bluebook (legal)
S. 1506, 113th Cong. (2026), https://openamerica.io/bill/113-S-1506/.
Markdown link
[S. 1506: Gulf Coast Oil Recovery Zone Tax Relief and Economic Recovery Act](https://openamerica.io/bill/113-S-1506/)
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