United States · Bill · S
S. 1048 (107th)
A bill to amend the Internal Revenue Code of 1986 to provide relief for payment of asbestos-related claims.
Introduced
14 June 2001
Last action
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Status
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6328)
Sponsors
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Subjects
Discovery layer
Source updated
14 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.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 14 June 2001
Introduced in Senate (PDF)
Introduced in Senate · EN · 14 June 2001
Introduced in Senate
summary · EN · 14 June 2001
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/107th-congress/senate-bill/1048
- Open data entity: https://api.congress.gov/v3/bill/107/s/1048