To amend the Internal Revenue Code of 1986 to deny the deduction for any removal or liability cost attributable to an oil spill from a vessel in navigable waters.

referredUnited States· United States Congress· EN

Introduced

18 April 1989

Last action

18 April 1989 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Slaughter, Louise McIntosh [D-NY-25], Rep. DeFazio, Peter A. [D-OR-4], Rep. Jontz, Jim [D-IN-5], Rep. Sangmeister, George E. [D-IL-4], Rep. Frank, Barney [D-MA-4], Rep. Pallone, Frank [D-NJ-6], Rep. Schroeder, Patricia [D-CO-1], Rep. Payne, Donald M. [D-NJ-10], Rep. Miller, George [D-CA-11], Rep. Lewis, John [D-GA-5], Rep. Kanjorski, Paul E. [D-PA-11], Rep. Dellums, Ronald V. [D-CA-9], Rep. Wolpe, Howard E. [D-MI-3], Rep. Dwyer, Bernard J. [D-NJ-6], Rep. Owens, Major R. [D-NY-11], Rep. Atkins, Chester G. [D-MA-5], Rep. Hawkins, Augustus F. [D-CA-29], Rep. Bates, Jim [D-CA-44], Rep. Hochbrueckner, George J. [D-NY-1], Rep. Valentine, Tim [D-NC-2], Rep. Vento, Bruce F. [D-MN-4], Rep. Gejdenson, Sam [D-CT-2], Rep. Sikorski, Gerry E. [D-MN-6], Rep. Robinson, Tommy F. [D-AR-2], Rep. Bryant, John W. [D-TX-5], Rep. Evans, Lane [D-IL-17], Rescom. Fuster, Jamie B. [D-PR-At Large], Sen. Boxer, Barbara [D-CA], Rep. Pelosi, Nancy [D-CA-11], Rep. Ackerman, Gary L. [D-NY-5]

Subjects

Taxation

Source updated

7 February 2024

Taxation

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Summary

Amends the Internal Revenue Code to disallow an income tax deduction for business expenses incurred as removal or liability costs resulting from a spill or other discharge of oil being transported by or for the taxpayer from a vessel onto waters subject to the Clean Water Act. Excludes discharges caused by an act of God, an act of war, negligence on the part of the U.S. Government, or an act or omission of a third party. Applies this deduction denial retroactively with respect to amounts incurred in taxable years 1989 and thereafter.

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

Timeline

18 April 1989
Introduced
Referred to the House Committee on Ways and Means.
Source: IntroReferral
18 April 1989
Introduced
Introduced in House
Source: IntroReferral
18 April 1989
Introduced
Introduced in House
Source: IntroReferral

Votes

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Versions

Introduced in House · — · Download file

Documents

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Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN
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Introduced in House
summary · EN · 18 April 1989
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

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Sources

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Official source: https://www.congress.gov/bill/101st-congress/house-bill/2060
Open data entity: https://api.congress.gov/v3/bill/101/hr/2060
us · 101-hr-2060 · source updated 7 February 2024