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H.R. 480

BillFederalHouseIn Committee
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.
About This Bill
Committee
Latest Action · February 4, 2013
Referred to the House Committee on Ways and Means.
Congress
113th (2013–2015)
Introduced
February 4, 2013
Sponsor
Rep. Alcee HastingsD
Cosponsors (0)
None
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Summary

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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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