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H.R. 480

To amend the Internal Revenue Code of 1986 to disallow a deduction for amounts paid or incurred by a responsible party relating to a discharge of oil.

Amends the Internal Revenue Code to deny a tax deduction for business-related expenses paid or incurred by a responsible party relating to an incident resulting in the discharge of oil into the navigable waters, other than an incident caused by an act of God or an act of war.

Referred to the House Committee on Ways and Means.

Rep. Hastings, Alcee L. [D-FL-20](D-FL)Sponsor
1committees4actions1related bills4subjects
  • Introduced in HouseFeb 4, 2013
  1. IntroReferralH11100

    Referred to the House Committee on Ways and Means.

  2. IntroReferralB00100

    Sponsor introductory remarks on measure. (CR E85)

  3. IntroReferralIntro-H

    Introduced in House

  4. IntroReferral1000

    Introduced in House

To amend the Internal Revenue Code of 1986 to disallow a deduction for amounts paid or inc… — Informed