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United States · Bill · HR

H.R. 1726 (102nd)

To amend the Internal Revenue Code of 1986 to deny any deduction for certain oil and hazardous substance cleanup costs.

referredUnited States· United States Congress· EN

Introduced

11 April 1991

Last action

11 April 1991 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Guarini, Frank J. [D-NJ-14], Rep. Schulze, Richard T. [R-PA-5], Rep. Gibbons, Sam [D-FL-11], Rep. Moody, Jim [D-WI-5], Rep. Rangel, Charles B. [D-NY-15], Rep. Lipinski, William O. [D-IL-3], Rep. Kaptur, Marcy [D-OH-9], Rep. Frost, Martin [D-TX-24], Rep. Jontz, Jim [D-IN-5], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Vento, Bruce F. [D-MN-4], Rep. Bustamante, Albert G. [D-TX-23], Rep. Hughes, William J. [D-NJ-2], Rep. Scheuer, James H. [D-NY-8], Rep. Machtley, Ronald K. [R-RI-1], Sen. Santorum, Rick [R-PA], Rep. Neal, Stephen L. [D-NC-5], Rep. Molinari, Susan [R-NY-13], Rep. Kostmayer, Peter H. [D-PA-8], Rep. Hertel, Dennis M. [D-MI-14], Rep. Yates, Sidney R. [D-IL-9], Rep. Evans, Lane [D-IL-17], Rep. Hochbrueckner, George J. [D-NY-1], Rep. Lancaster, H. Martin [D-NC-3], Rep. Mrazek, Robert J. [D-NY-3], Rep. Kopetski, Mike [D-OR-5], Rep. Mink, Patsy T. [D-HI-2], Rep. Zimmer, Dick [R-NJ-12], Rep. Bevill, Tom [D-AL-4], Rep. Donnelly, Brian J. [D-MA-11], Rep. Eckart, Dennis E. [D-OH-11], Rep. Horn, Joan Kelly [D-MO-2], Rep. Jacobs, Andrew, Jr. [D-IN-10], Rep. DeFazio, Peter A. [D-OR-4], Rep. Fawell, Harris W. [R-IL-13]

Subjects

Defence, Taxation

Source updated

7 February 2024

Defence · Taxation

Official sourceDownload fileView documentsShare

Summary

Amends the Internal Revenue Code to disallow a deduction for certain costs incurred in connection with any oil discharge or hazardous substance release. Provides an exception to such rule for any taxpayer who has a complete liability defense or qualifies for a liability limitation with respect to such discharge or release. Provides a limitation on the use of the net operating loss deduction to offset deductions disallowed by this Act.

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

Timeline

  1. 11 April 1991

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 11 April 1991

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 11 April 1991

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

2 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN

    ViewDownloadOpen at official source

  • Introduced in House

    summary · EN · 11 April 1991

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

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Sources

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