A bill to amend the Internal Revenue Code of 1954 to provide a deduction for certain amounts paid to a reserve for payment of product liability losses.

Summary

Amends the Internal Revenue Code to allow a deduction to any taxpayer engaged in the manufacture, importation, distribution, lease, or sale of any product for contributions to his product liability loss reserve account.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 7 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

2. 7 March 1978

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

3. 7 March 1978

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 7 March 1978

  Open at official source

Sponsors

• Rep. Mikva, Abner J. [D-IL-10] · D · Sponsor
• Rep. Brodhead, William [D-MI-17] · D · Cosponsor
• · hswm00 · Standing

Related records

• related to → A bill to amend the Internal Revenue Code of 1954 to provide a deduction for certain amounts paid to a reserve for payment of product liability losses.