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United States · Bill · HR

H.R. 1412 (107th)

To amend the Internal Revenue Code of 1986 to provide relief for payment of asbestos-related claims.

openUnited States· United States Congress· EN

Introduced

4 April 2001

Last action

Status

Sponsor introductory remarks on measure. (CR E564)

Sponsors

Subjects

Discovery layer

Source updated

2 January 2025

Summary

Amends Internal Revenue Code provisions concerning designated settlement funds to exempt from tax any designated settlement fund established for the principal purpose of resolving and satisfying present and future claims relating to asbestos. Sets forth special rules concerning asbestos liability losses.

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Documents

3 official files

Introduced in House (text)

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