To amend the Internal Revenue Code of 1986 to deny a deduction for removal costs and damages for which taxpayers are liable under the Oil Pollution Act of 1990.

Fact Sheet API

Bill Number

HR 5905

Introduced

Jul 28, 2010

Latest Action

Referred to the House Committee on Ways and Means.

Sponsor

Cosponsors

Topics

Income tax deductions Marine pollution Oil and gas Pollution liability Taxation Water quality

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Votes

Summary

Amends the Internal Revenue Code to deny a tax deduction for the removal costs and damages assessed for a discharge of oil under the Oil Pollution Act of 1990.

Actions

Jul 28, 2010

Referred to the House Committee on Ways and Means.
Jul 28, 2010

Introduced in House

Amendments

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