S.599 - Oil Spill Tax Fairness Act

A bill 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. view all titles (2)

All Bill Titles

  • Official: A bill 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. as introduced.
  • Short: Oil Spill Tax Fairness Act as introduced.

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Introduced
 
Senate
Passes
 
House
Passes
 
President
Signs
 

 
03/18/13
 
 
 
 
 
 
 

Official Summary

Oil Spill Tax Fairness Act - 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

Official Summary

Oil Spill Tax Fairness Act - 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.

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